OTE2601 Assignment 1 2024

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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.
1.2. Causes of unemployment
1.3. Solutions to unemployment
1.4. The role of Trade Unions in the economy of a country.