Cabinet has adopted the stimulus package intended to ignite an economic recovery. President Cyril Ramaphosa will hold a media briefing on Friday to provide details of the stimulus package, which has been constructed from the contributions of various departments. Ramaphosa will provide details of the mining charter adopted by cabinet.

Cabinet’s adoption of the stimulus package and its other decisions was announced on Thursday by communications minister Nomvula Mokonyane at a post-cabinet media briefing. The government will need R43bn to fund, among other things, the stimulus package, according to sources familiar with discussions around the package at a recent cabinet lekgotla. No further detail has yet been made available, but the package would be based on “existing budgetary resources and the pursuit of new investments while remaining committed to fiscal prudence”, Ramaphosa said at the time of the original announcement. Cabinet has also approved the mining charter as part of...

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