SA’s Covid-19 intervention budget totals R800bn – Mboweni

Speaking during a briefing held on Friday to break down the R500-billion package of economic measures aimed at addressing challenges facing the economy as announced by President Cyril Ramaphosa earlier this week, Finance Minister Tito Mboweni confirmed that South Africa’s total budget of financial interventions totals R800 billion.

This has been broken down into five sectors such as health, social welfare, relief for companies and labourers, the re-opening of the economy and the banking and financial sector.

The briefing is currently underway.

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