Ramaphosa sets up Solidarity Fund to cushion impact of COVID-19 - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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President Cyril Ramaphosa has announced a set of interventions to cushion the impact of the novel epidemic on the country’s already ailing economy.

The Solidarity Fund will have a board of eminent South Africans to ensure proper governance.coronavirus

He says that government will provide a seed capital of R150 million towards the Fund, which is also open to contributions from businesses, organisations and individuals. The President says “This will be the first phase of the economic response and further measures are under consideration and will be deployed as needed.”

 

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You meant to say pandemic. One would expect a journalist to be able to differentiate the two.

I'm happy about the lockdown but my concerns are he spoke as if he was adressing a European country with 5% unemployment rate. Not every one in SA is a business person nor working for a private or public sector.

yeah at expense of some - again

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Covid-19: Business sets up project management office to collaborate with governmentBusiness Unity South Africa (Busa), the Black Business Council (BBC) and other companies met President Cyril Ramaphosa on Sunday as part of a multi-stakeholder engagement on Covid-19. We need our able RSA leaders to enforce incremental lockdown focusing on Novel COVID-19 highly infected & affected RSA provinces like Gauteng Provinces as Novel COVID-19 hotspot provinces. Please H.E Cyril Ramaphosa kindly consider our humble supplication👏 South Africa has a very low stock of social capital, the greatest indicator of social capital is collective action. Let's activate our values of collective consciousness and social awareness.
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