Gauteng economy to contract 6% in 2020, finance MEC says
Nomantu Nkomo-Ralehoko was tabling a special adjustment budget in a sitting of the provincial legislature, necessitated by Covid-19
23 July 2020 - 11:47
The Gauteng economy is forecast to contract 6% in 2020 due to the Covid-19 lockdown, prompting the province to add R4bn more to its budget to help battle the effects of the pandemic, finance MEC Nomantu Nkomo-Ralehoko said on Thursday.
Nkomo-Ralehoko was tabling a special adjustment budget in a sitting of the provincial legislature, which was necessitated by Covid-19, which has wreaked economic havoc not just in SA and Gauteng, the economic powerhouse of the country, but the world...
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