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South Africa

Three-phased economic response to COVID-19 pandemic

Government has announced a massive social relief and economic support package of R500 billion which amounts to around 10% of Gross Domestic Product (GDP) to mitigate against the blow of COVID-19 in the country.

R50 billion to relieve plight of the vulnerable

Government will direct R50 billion towards relieving the plight of South Africans who are most affected by the Coronavirus (COVID-19) by temporarily increasing the child support grant for six months.

UIF pays out COVID-19 benefits to workers

A total of 606 462 employees who have lost their income as a result of the lockdown imposed to mitigate against the spread of COVID-19 will receive their benefit from the Unemployment Insurance Fund (UIF).