Losing your source of income due to retrenchment is a daunting reality that many of us face. The retrenchment process can often be long and drawn out, taking both an emotional and financial toll. “Unfortunately, due to the current tough economic environment South African businesses find themselves in, retrenchment is a possibility that managers and employees have to prepare themselves for,” says Jaco Gouws, Protection Product Head at Old Mutual. (more…)
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