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  • World - Africa
  • Updated: April 22, 2020

COVID-19: Ramaphosa Rolls Out $26bn Relief Package

COVID-19: Ramaphosa Rolls Out $26bn Relief Package

The President of South Africa, Cyril Ramaphosa, has announced a $26 billion relief package that will serve as a support to the South African economy, and the vulnerable citizens impacted by the coronavirus pandemic.

READ ALSO: COVID-19: Malawians Buck Against Lockdown

During his public address, Ramaphosa said that “a massive social and economic support package of 500 billion rand ($26.3 billion), which amounts to about 10 percent of our GDP.

“The scale of this emergency programme is historical.”

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