He also announced a temporary six-month coronavirus grant.
"We will direct R50 billion (2.6 billion U.S. dollars) towards relieving the plight of those who are most desperately affected by the coronavirus," he said. This means that child support grant beneficiaries will receive an extra 300 rand (15.8 U.S. dollars) in May and from June to October they will receive an additional 500 rand (26.4 U.S. dollars) each month.
All other grant beneficiaries will receive an extra 250 rand (13.2 U.S. dollars) per month for the next six months.
Ramaphosa also announced that the government had approached financial institutions including the World Bank, the International Monetary Fund and the New Development Bank for various funding.
The novel coronavirus has killed 58 people and infected 3,465 in South Africa. Enditem
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