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South Africa: Ramaphosa Considers U.S.$52,6 Billion COVID-19 Stimulus Proposal for Frail Economy

Posted by All Africa on

[Daily Maverick] Targeted sectors under the stimulus package will include manufacturing, retail, hospitality and tourism because they are not currently considered to be essential service providers, resulting in their operations being shuttered during the lockdown. According to Cosatu, the R1-trillion proposed stimulus or economic recovery package was endorsed by labour and business at a Nedlac meeting on 17 April.

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