23 March 2020 – Introduced stimulus package to support various industries

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National

Overview: The Government of South Africa is providing a stimulus package of R3 billion.

The package is intended to stabilise a range of industries, and is being delivered by the Industrial Development Corporation of South Africa, which assists with funding and technical assistance for a range of manufacturers to acquire machinery and equipment.

Other aims of the package are to support food security, tourism, supply chain continuity, primary energy, and to provide working capital to small and medium enterprises that provide components to car-makers.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-escalation-measures-combat-coronavirus-covid-19-pandemic-23-mar