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Employees already reeling from reduced or unpaid salaries could be at even more of a disadvantage should they also forfeit their unapproved risk benefits.
As we are all aware, the fall-out from COVID-19 is severely impacting businesses’ ability to trade. This in turn will affect liquidity and the ability of debtors to maintain payments. It is not business as usual, these are extraordinary times.
The spread of the Covid – 19 pandemic has led to many governments and lawmakers around the globe taking drastic measures in not only seeking to curb the spread of the pandemic, but at the same time maintaining a healthy outlook on the economy by maintaining businesses afloat in these unprecedented times.
The Minister of Employment and Labour in South Africa has issued amendments to the Directive dealing with claims to the Unemployment Insurance Fund (UIF) as a result of COVID 19.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?