How to protect your finances should a retrenchment rock your finances
08 August 2019
Standard Bank, ABSA, Group Five… Retrenchments in SA in Q2 have increased by 27% from 2018. Tongaat Hulett (5000 jobs in jeopardy) and Deutsche Bank (18 000 jobs set to be cut globally) have issued the latest devastating announcements. The sustained economic downturn is putting extreme pressure on companies, with staff retrenchments being part of the fallout. In tough times, it’s therefore imperative to be prepared. If you’re thinking of making big moves like investing in a home sometime soon, consider how to protect your loved ones from the pressure of debt should a curveball come your way.