Covid19 SA Government Response – Solidarity Response Fund

The President has announced a new Solidarity Response Fund to help curb the spread of Coronavirus, and assist those whose lives have been disrupted by the pandemic, with the implication that debt relief and similar measures would be available to businesses and individuals.

What to know about this fund:

1. The government will provide seed capital of R150 million
2. The private sector has already pledged to support this fund with financial contributions (that are yet to be disclosed)
3. President Ramaphosa announced pledges from the Rupert and Oppenheimer families of R1 billion each to assist small businesses and their employees affected by the coronavirus pandemic
4. South African employees will receive wage payment through the Temporary Employee Relief Scheme

South Africans are urged to contribute to the fund – contributions will be tax-deductible.

For more information on how to donate: https://lnkd.in/eXDJBVb