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Vol 61 No 9

Published 30th April 2020

South Africa

Unpacking Cyril’s stimulus

Economists question whether the immense Covid-19 relief package will just help business or the wider population

President Cyril Ramaphosa's 500 billion rand (US$26bn) stimulus to sustain South Africa's already precarious economy during the Covid-19 lockdown has been welcomed by business and opposition leaders, but not unanimously. To many it's another example of his towering leadership qualities, but others see the package as a missed opportunity to tackle the country's strategic economic problems while providing relief to business and citizenry alike.

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