( 3 minutes read)
The Mozambican Trade, Industry and Services Association (ACIS) urged a more simplified ‘lay off’ regime. This will help ensure the survival of companies most affected by the Covid-19 pandemic.
Luís Magaço, the president of ACIS, explained the organization’s position while speaking on the topic “Socio-economic impact of Covid-19 in the region and recovery strategies” which were organized by the Southern African Development Community (SADC) in the Mozambican capital.
Business manager Magaço, one of the most reputable economists in Mozambique, said that the temporary suspension of an employment contract could be thought of to help the companies to adjust with the new challenges. The rapid recovery of companies from the post-Covid crisis also requires more flexible lab our legislation, he suggested.
Measures such as reducing the cost of electricity in agriculture, and deferring the payment of taxes and National Institute of Social Security (INSS) contributions are some of the other measures to help the industry to cope up with the present day challenges.
The SADC comprises 16 states, such as Mozambique, Angola, South Africa, Botswana, Zimbabwe, Esswatini, Democratic Republic of Congo, Lesotho, Madagascar, Malawi, Mauritius, Namibia, Seychelles, Tanzania, Zambia and Comoros.
