In the latest measure to protect the country from the weakening economy as a result of the COVID-19 pandemic, a 26 billion U.S. dollars relief package has been announced by the South African President Cyril Ramaphosa on April 21.
President Cyril Ramaphosa in a special address to the nation announced “a massive social and economic support package of 500 billion rand (26.3 billion U.S. dollars), which amounts to about 10 percent of our GDP”.
He added, “The impact of the coronavirus requires an extraordinary coronavirus budget… the scale of this emergency program is historical”.
As South Africa heads to enter the second phase of the COVID-19 pandemic, the aid will help vulnerable people to fight back the pandemic as around 2.6 billion U.S. dollars would go to them through grants and 250,000 food parcels would be distributed among citizens in need over the next two weeks.
South Africa has imposed a five-week lockdown since March 25.