[WATCH LIVE] President Ramaphosa to outline economic, social measures

[WATCH LIVE] President Ramaphosa to outline economic, social measures

President Cyril Ramaphosa is expected to announce additional economic and social relief measures as the country battles the outbreak of Covid-19.

Cyril Ramaphosa Coronavirus 4- AFP
AFP

Cabinet met on Monday to thrash out plans to stave off an economic meltdown.

 

The South African Reserve Bank forecasts an economic contraction of 6.1% in 2020, alongside the closure of 1,600 small businesses and 370,000 lost formal-sector jobs. 


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All cabinet clusters were tasked to come up with a single document on Monday, outlining the key priorities of the country's plan to help cash-strapped South Africans and struggling businesses survive the coronavirus crisis.

 

The number of confirmed Covid-19 cases in South Africa rose to 3465 on Tuesday.

 

The number of fatalities remained at 58.

 

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