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South Africa’s President Unveils $26Bn Coronavirus Relief Plan

South Africa’s President Cyril Ramaphosa on Tuesday announced a $26 billion relief package aimed at supporting the economy and the vulnerable during the coronavirus pandemic.

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In a special address to the nation, Ramaphosa announced “a massive social and economic support package of 500 billion rand ($26.3 billion), which amounts to about 10 percent of our GDP.”

“The scale of this emergency programme is historical,” he said.

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Written by How Africa

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