In a financially-technical speech to the nation this evening, our President Cyril Ramaphosa announced R500 billion economic and social relief measures and funding to keep the economy alive, severely affected by the Corona Virus Lockdown. The first reaction amongst a group of businessmen I am following is one of skepticism about all the financial promises made, given the slow and only partial payments of UIF received to date for their staff.

The President stated that he will address the nation again on Thursday, to share how the economy is to be reopened in a phased manner. Continue reading →