Exam (elaborations)
OTE2601 Assignment 1 2024
- Course
- OTE2601 (OTE2601)
- Institution
- University Of South Africa (Unisa)
OTE2601 Assignment 1 2024
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Assignment 1QUESTION 1
In 2020, the world was devastated and ravaged by the unprecedented Corona Virus
(Covid-19) pandemic. Most businesses closed-down; which resulted in serious loss of
jobs to certain employees whilst some business put employees on contract or retrenched
them.
While conducting an oversight visit in Port Elizabeth on Thursday, honourable President
Cyril Matamela Ramaphosa; noted that while the lockdown had managed to flatten the
virus’ curve, the focus, going forward, needed to be on restarting the economy which had
suffered greatly under the Disaster Management Act’s restrictive regulations. President
Ramaphosa’s engagement with NEDLAC on Friday signified the start of a gradual easing
process which was expected to culminate in a district-based move to Level 3 lockdown
before the end of May. Health Minister Zweli Mkhize had, however, warned that regions
which were unable to prove their medical readiness amid burgeoning caseloads would
likely remain exempt from lower-level reprieves.
Prior to that; the rate of unemployment was sky rocketing in South Africa. Study the figure
below.
1.1. In your opinion, what would you consider to be the results of unemployment in
any country
The results of unemployment in any country are multifaceted and often severe. They
can include:
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