23 March 2020 – Provided funding for working capital and equipment and machinery

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

Overview: The Government of South Africa allocated R700 million of the R3 billion stimulus package for working capital and equipment and machinery.

The funding 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.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-escalation-measures-combat-coronavirus-covid-19-pandemic-23-mar