Ramaphosa gets R500bn aid rolling
Cosatu supports looking to IMF for relief
21 April 2020 - 23:52
President Cyril Ramaphosa on Tuesday night announced a "historic" R500bn social and economic support package for the country, saying that the funds will be raised both from existing budget resources and international funding institutions, including the International Monetary Fund (IMF).
The package included a special R20bn Covid-19 health budget, wide-ranging support for the most vulnerable through R50bn in expanded social grants, the distribution of food parcels and vouchers and a R200bn loan guarantee scheme for firms that need additional resources to bridge them through the crisis...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.