KZN economy tanks as unemployment soars during Covid-19

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KZN economy tanks as unemployment soars during Covid-19
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He said the absorption of new entrants into the labour market was also expected to fall due to structural challenges associated with hiring during the lockdown.

Employment levels in KwaZulu-Natal are expected to fall in both formal and informal sectors, premier Sihle Zikala told the provincial legislature on Tuesday.while unemployment is expected to hit 27%, according to premier Sihle Zikalala.

"The impact is expected to be particularly high in the sectors such as tourism, hotels and restaurants, aviation, manufacturing, real estate and business services." "Various support measures have been set up, including an electronic app to log queries on business challenges and for assistance to complete the business support measures applications," said the premier.

"We are a pro-poor developmental state and a listening government. This is a time to unite, close rank and work together to save jobs and rebuild our province," said Zikalala.

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