South African man shares sad retrenchment pictures as he loses assets
A Covid-19 lockdown period could be the worst time to lose your job as the world is going into a recession.
To make matters worse, South Africa’s economy shrinked by a stomach-bottoming 51% year to year in the second quarter, the government revealed on Tuesday. The country has suffered severely from the coronavirus pandemic and crippling power cuts.
“It is the first time in that the South African economy has contracted for four straight quarters without ceasing,” Statistician-General Risenga Maluleke told journalists.
In the midst of the situation the country faces, a certain South African man has revealed he was recently retrenched from his job and he lost valuable possessions in the process.
The man, only identified as Siyangaphi on Twitter shared a picture of his car being towed away. He failed to pay for the monthly installments needed for him to keep his car and the bank has repossessed their car.
So disheartening was his post that it received five hundred retweets in less than three hours.
The post prompted a lot of comments, most of them encouraging him to keep looking for other jobs while others revealed they face the same ordeal.
One Tweep, Christos, revealed that he also went through the same process last year but managed to bounce back and he has a good job. Lucky for him, there was no coronavirus pandemic and companies were operating normally.
Another Tweep by the name Mohlaloga estimated that a lot of the working class are going through the same problem Siyangaphi is facing of losing everything because of failure to pay monthly installments but are not sharing the bad news on social media.
South African working class usually get loans to purchase cars and mortgages to buy houses. If their main source of income ceases to exist they are most likely to default and lose their assets such as cars and houses.
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South African man shares sad retrenchment pictures as he loses assets