President Cyril Ramaphosa addressed the nation on Tuesday 21 April 2020 announcing a massive social and economic support package.
Ramaphosa shed light on the way forward amid the challenges of keeping the nation under lockdown.
President Cyril Ramaphosa has announced an R500 billion social and economic support package, amounting to around 10% of South Africa’s GDP. An economic strategy will be implemented to drive the economy as the nation emerges from the pandemic, including substantial infrastructure plans and other interventions
After meeting with numerous stakeholders, Ramaphosa announced an ‘extraordinary’ support budget for healthcare in light of the pandemic. R130 billion will be diverted to help support to effort to fight the virus, with other funding sources to aid SA to overcome. Protective gear for health workers and an increase in the number of hospital beds and ventilators will be a priority. Citizens who receive SASSA child support grants will now be receiving an additional R300 in May as well as an additional R500 each month until October. Other grant beneficiaries will be receiving an additional R250 a month over the course of the next 6 months. Citizens who are unemployed and aren’t receiving any other social grants will also be able to apply for a R350 monthly grant for the next six months as part of a specialised Covid-19 response
Food parcels will be distributed by the Solidarity Fund in the coming day’s, vouchers and cash transfers will be implemented to ensure the vulnerable are able to access help during this trying time. Businesses will be bolstered by the government in an attempt to limit the loss of jobs, with the tax threshold increased to help relieve some pressure.
The reopening of the economy will be taking place in a phased approach, with the need to limit the spread of the virus and for people to return to work.
Ramaphosa said, he will be addressing the nation again on Thursday,
See President Ramaphosa nation address on 21 April 2020 below:
Main picture screenshot/ Twitter /@PresidencyZA.