South Africa
Mboweni: Combined economic relief package exceeds R800bn─── 16:12 Fri, 24 Apr 2020
Finance Minister Tito Mboweni says the combined economic relief package amounts to well over R800bn.
Mboweni says of this, R20bn will go towards the health sector. The finance minister also says a revised budget bill will be tabled.
He confirmed that Treasury is removing from the budget, all programmes that can be postponed.
Mboweni also says the government is in negotiations with the IMF and the World Bank for funding to help fight COVID-19.
He says South Africa is eligible to apply for up to 4.2 billion US dollars.
Earlier this week, President Cyril Ramaphosa announced an extraordinary support package of R500bn to stimulate the economy and protect millions of South Africans from hunger and social distress during the COVID-19 pandemic.
