COVID-19 – An emergency rescue package summary
A submission to the government on what an emergency rescue package for South Africa should entail in its response to the crisis caused by the COVID-19 pandemic. The IEJ proposes a R 410 billion rescue package to fund the healthcare system and support workers and small businesses.
COVID-19 – An emergency rescue package for South Africa
As a result of the COVID-19 pandemic, South Africa’s real GDP for 2020 is forecast to fall by 10 %, with accompanying job losses of up to 1 million jobs. Government’s rescue package of R41 billion is clearly
insufficient. This Policy Brief provides a detailed emergency rescue package for the South African economy more in-line with global best practise and the needs of the South African economy. Costing estimates and funding sources are discussed.