Financial Matters: Retrenchments and their impact on financial health

The South African economy is struggling somewhat and the impact of slow growth is now being felt by some companies who have begun retrenching or talking about retrenching employees. It is therefore important to educate yourself about the impact of retrenchment on your financial well-being and what to do if you lose your job. While this is a scary thought, it is always better to hope for the best but plan for the worst. This evening on Financial Matters, Dr Frank Magwegwe, Head of Financial Wellness and Advisory at Nedbank and GIBS faculty member, talks ato us about retrenchments and their impact on both our financial and mental health.See omnystudio.com/listener for privacy information.