CAPE TOWN- President Cyril Ramaphosa announced on Tuesday evening that a massive support package of R500 billion will be channelled into healthcare, vital municipal services and social relief.
Here's the complete breakdown of where the funds will be located to.
health response to Covid-19. It will include supplying personal protective equipment for health workers, community screenings, increased testing capacity, additional beds in field hospitals, ventilators, medicine and staffing.
municipalities to provide emergency water supply, increased sanitisation of public transport and facilities as well as food and shelter for the homeless.
and social relief for the most vulnerable families. A temporary six-month coronavirus grant and special Covid-19 social relief of distress grant will be available.
creating new jobs.
for income support payments for
workers where employers are unable to pay wages.
to assist Small Medium and Micro Enterprises (
SMME), spaza shop owners and other small businesses.
loan guarantee schemes in partnership with major
banks, the National Treasury and the SA Reserve Bank to cover companies with operational costs (salaries, rent and payment of suppliers).
relief schemes for distressed businesses.
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