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Assessing and promoting civil and minority rights in South Africa.

[Source: Business Day by Lynley Donnelly.]

As the country prepares to shut down for three weeks, the government is implementing a range of measures from tax deferrals to targeted funding for distressed businesses, in the hope that SA firms can weather the onslaught of the coronavirus.

The details outlined by ministers on Tuesday follow President Cyril Ramaphosa’s announcement of a nationwide lockdown to slow the spread of the disease and prevent overwhelming the country’s health system.

The support measures come at a time when SA’s growth was already dismal and its fiscal position acutely fragile, with little space to spend its way out of the recession that economists now believe is all but certain.

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South Africa at a Glance
58 780 000 (mid 2019 estimate)
4.6% y/y in February 2020 (CPI) & +4.5 y/y in February 2020 (PPI)
-1.4% q/q (4th quarter of 2019)
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