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Faced with the prospect of a huge escalation in Covid-19 infections and a deep recession, President Cyril Ramaphosa launched a salvo of fiscal and containment measures on Monday night, adding SA to the ranks of countries that have imposed national lockdowns.

The president pledged to use all measures within his power to offset the economic costs of the crisis — an undertaking that was extended to the SA Reserve Bank, which Ramaphosa said is ready "to do whatever it takes" to keep the financial sector well oiled...

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