National shutdown: Irmsa warns that protests will hurt weak economy

Pretoria - The Institute of Risk Management South Africa (Irmsa) has warned of “possible dire economic consequences” from the planned national shutdown set to take place across South Africa on Wednesday.

Irmsa chief executive, Pat Semenya, said the envisaged national shutdown featuring the country’s biggest trade union federations would have a detrimental effect on the already weak economy.

“While we respect workers’ dissatisfaction with the government, the planned national shutdown will only further destabilise the country’s already fragile economy,” said Semenya.

“We are all aware of the failures of the South African government. What will this strike achieve beyond stalling our economic recovery?”

By Jonisayi Maromo.

Full story at IOL.