Further tax measures to provide support

Submitted by admin on Fri, 04/24/2020 - 10:28

Thursday, April 23, 2020

Finance Minister Tito Mboweni has provided more details on the second set of measures that are aimed at assisting individuals and businesses through the COVID-19 pandemic.

“There is a critical need for government interventions to assist with job retention and support businesses that may be experiencing significant distress,” the National Treasury said in a statement on Thursday.

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.