President Cyril Ramaphosa says companies in financial distress will have to be helped by the government as part of its relief programme to minimise the economic impact of Covid-19
President Cyril Ramaphosa says the government will have to step in to help businesses put into distress by the coronavirus. The government is expected to announce an economic relief package.President Cyril Ramaphosa says companies in financial distress will have to be helped by the government as part of its relief programme to minimise the economic impact of Covid-19.
The government, which was in continuous consultations with business leaders and other key multisectoral stakeholders, was expected to announce an economic relief package as Covid-19 takes its toll on businesses. As South Africans come to grips with measures implemented by President Cyril Ramaphosa to prevent the spread of coronavirus, many are panic buying, filling their trolleys with goods and leaving other citizens with no options. Consumer journalist Wendy Knowler provides insight on the phenomenon.
“I would like to make an appeal to the private sector and big business to get involved. This is something that requires the best efforts of all South Africans to come together to fight this virus and the effects on the economy.”Julius Malema, the leader of the EFF, urged business leaders not to put maximum profits ahead of human lives. Malema said the EFF supported all efforts by government to fight the deadly virus.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVESTREAM: Ramaphosa meets with political leaders over COVID-19Cyril Ramaphosa has declared the coronavirus pandemic a national state of disaster in terms of the Disaster Management Act.
Read more »
Cyril Ramaphosa postpones AU meeting amid Covid-19 crisisThe president, who is also the chair of the AU, requested the postponement so that he can give priority to SA’s national response
Read more »
Covid-19 live updates: Ramaphosa postpones first meeting as AU chairAfter announcing a state of national disaster on Sunday, Ramaphosa said all non-essential travel across all spheres of government would be cancelled.
Read more »
Limpopo records first Covid-19 infectionLimpopo reported its first coronavirus infection on Monday.
Read more »