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Why saving a job is as important as creating a job – and often more powerful

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Saving jobs not only makes financial sense, it maintains economic momentum, which is critical to preserving value in an economy while creating a platform for future growth.
Saving jobs not only makes financial sense, it maintains economic momentum, which is critical to preserving value in an economy while creating a platform for future growth.

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The Sukuma Fund has committed R1 billion to saving jobs in South Africa in the face of the Covid-19 coronavirus’ economic destruction. But is this money well spent or should the focus rather be on job creation in the post-Covid economy?

The answer is not either or, but the numbers illustrate why saving jobs is important and more powerful.

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