Cyril Ramaphosa will keep ‘hawk’s eye’ on R500bn Covid-19 funding
‘We need to put in place systems to prevent the abuse of resources ... so that money doesn’t end up in people’s pockets,’ the president said
24 April 2020 - 17:37
President Cyril Ramaphosa vowed on Friday to closely monitor how the R500bn social and economic support package for SA will be used, stressing that systems will be put in place to ensure the funds are not misappropriated.
The package, which is aimed at keeping the embattled SA economy going during the pandemic, 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...
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