Government set to announce social and economic relief measures

Business

The government will soon announce a social and economic relief package to aid businesses and employees affected by the recent civil unrest to get back on their feet.

This was a promise made by President Cyril Ramaphosa yesterday in a meeting with about 90% captains of industry that had been impacted by last week’s unrest, largely in Gauteng and KwaZulu- Natal.

The unrest hat took place recently is estimated to have impacted 40,000 formal businesses and 55,000 informal traders in KZN alone, with 160,000 people at risk of joining the unemployed queues.

Ramaphosa said the government had been working with social partners to finalise an extensive social and economic relief package that would support poor households and provide assistance to affected businesses and employees.

“This package will include both the extension and repurposing of some of the Covid-19 relief measures and specific relief for sectors affected by the violence like retail and property,” said Ramaphosa.

“We intend to announce the details of the package within the next few days.”

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