An Emergency Rescue Package For South Africa In Response To Covid-19

POSTED ON: April 17, 2020 IN Covid-19 Resources, Presidency Workshop April 16th
by Institute for Economic Justice

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As a result of the COVID-19 pandemic, South Africa’s real GDP for 2020 is forecast to fall by around – 6% to -8%, with accompanying job losses of up to 1 million jobs, even with the current proposed economic rescue package by Government. Government’s rescue package of R41 billion is clearly insufficient.