S. African president announces 500-bln-rand COVID-19 plan
JOHANNESBURG, April 21 (Xinhua) -- South African President Cyril Ramaphosa on Tuesday night revealed that 500 billion rand (26.3 billion U.S. dollars) would be devoted to relief and economic stimulus measures to deal with the impact of the COVID-19 pandemic.
"We are announcing this evening a massive social relief and economic support package of R500 billion, which amounts to around 10% of GDP," Ramaphosa said in his TV address.