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.