Businesses feel they cannot continue to operate: Survey

Submitted by admin on Wed, 04/22/2020 - 11:11

Tuesday, April 21, 2020

Stats SA today released the results of a rapid response survey conducted with businesses during the lockdown.

Businesses were asked how the current crisis affected their operations in the two-week period from 30 March to 13 April 2020.

More than 700 businesses in the formal sector responded to the survey, outlining the pandemic’s impact on turnover, trading, workforce, imports and exports, purchases, prices, and business survival.

Three-phased economic response to COVID-19 pandemic

Submitted by admin on Wed, 04/22/2020 - 11:06

Tuesday, April 21, 2020

Government has announced a massive social relief and economic support package of R500 billion which amounts to around 10% of Gross Domestic Product (GDP) to mitigate against the blow of COVID-19 in the country.

President Cyril Ramaphosa announced the intervention as the country saw a rise of COVID-19 cases to 3465 with 58 deaths recorded as of Tuesday.