What you need to know about SA’s R500bn Covid-19 support package

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What you need to know about SA’s R500bn Covid-19 support package
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Government has set aside R500 billion to implement measures which can bolster the economy and assist the most vulnerable citizens during the Covid-19 coronavirus outbreak

, President Cyril Ramaphosa announced on Tuesday night.

• R20 billion will be directed to improve efforts to address the pandemic. This includes additional expenditure on personal protective equipment for health workers, community screening, an increase in testing capacity, additional beds in field hospitals, ventilators, medicine and staffing. • A special Covid-19 social relief of distress grant of R350 a month for the next 6 months will be paid to those who are unemployed and do not receive any other form of social grant or UIF payment.

This past weekend City Press reported on the alleged incidents of corruption and food looting in eight provinces. • There will be a 4-month holiday for companies’ skills development levy contributions, VAT refunds will be fast-tracked and there will be a 3-month delay for filing and first payment of carbon tax.

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