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ANA reports that the African National Congress (ANC) in Parliament on Friday called for the introduction of a once-off debt forgiveness programme for retrenched workers.
Chairwoman of the ANC trade and industry study group in Parliament, Joan Fubbs, said in a statement that many low-income workers who had been retrenched had unsecured and short-term loans and that losing their jobs impacted on their ability to repay credit. She said: “The ANC calls for a once-off introduction of a debt forgiveness programme to assist retrenched workers. Consideration should be given to use the surpluses of government entities and to encourage lenders to voluntarily participate in the programme.”
According to Fubbs, Trade and Industry Minister Rob Davies would consult on the matter before beginning the process to introduce the debt forgiveness programme.
- Read this report in full at Business Report
- Read too, ANC proposes another round of debt forgiveness for retrenched workers, at BDLive
- Read the ANC’s press release at Politicsweb
Get other news reports at the SA Labour News home page