South African Revenue Service Commissioner, Edward Kieswetter, is briefing the media on the impact of coronavirus on revenue collection. SARS' ability to meet its collection targets is expected to be heavily impacted by the Covid-19 pandemic. Courtesy #DStv403
JOHANNESBURG - Over 20,000 jobs have been lost in South Africa in April due to COVID-19, according to SARS commissioner Edward Kieswetter.
Kieswetter was briefing the media in Pretoria on Tuesday and says it has noted a number of recent retrenchment processes.
"We can report that we have seen an increase of 1,622 employees retrenched during April this year, compared to last year. Which is an increase of 9% and the total number of retrenchments in April is just over 20,000", he said.
Kieswetter says South Africa is facing its worst-ever economic period.
He says the economy's structural faults, including inequality and unemployment, are key reasons for this situation.
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