Ramaphosa announces R500-billion COVID-19 package for South Africa

“Speaking to the nation on Tuesday night, President Cyril Ramaphosa announced an “extraordinary coronavirus budget”, adding up to R500-billion injected into the economy. The funding will come from internal sources, such as the Unemployment Insurance Fund (UIF), and Ramaphosa said discussions had begun with international financial institutions, such as the World Bank and IMF.”

via Mail & Guardian