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Government is working overtime to help businesses recover amid concerns over a longer-term knock to investor confidence caused by the recent unrest.
A survey estimates that 10 200 jobs have potentially been affected.
Of the businesses surveyed, 60% had insurance and the rest were uninsured for unrest of this nature.
Government is working overtime to help businesses recover amid concerns over a longer-term knock to investor confidence caused by the recent unrest, Minister of Trade, Industry and Competition (DTIC) Ebrahim Patel said during a media briefing on Thursday.
The DTIC and the Department of Small Business Development are working together to deal with damage caused by recent looting and rioting in parts of Gauteng and KwaZulu-Natal. Talks are also under way with investors and the business sector – both formal and informal, Patel said.
Government to pump R3 9 billion to help businesses affected by unrest
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South African Government and Business Leaders: Joint Statement
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NATIONAL NEWS - The temporary extension of the R350 Social Relief of Distress grant by another month will cost the South African fiscus R27 billion, the National Treasury has revealed.
The Department revealed this during a press briefing in which it detailed the country’s Economic Support Package as a result of COVID restrictions and the recent riots in Gauteng and KwaZulu-Natal.
The package was first announced by President Cyril Ramaphosa on Sunday.
The SRD, which was first introduced in April last year, will now end in March 2022.
“And really this responds to the dire situation in which most of our people have found themselves, said Finance Minister Tito Mboweni. “If you drive around the country or walk around the country, you are bound to notice the extreme poverty in which our people live.”