Fiscal stimulus package will cushion impact of deep recession
CAPE TOWN –
The R500 billion fiscal stimulus package to help South Africans through the fight against Covid-19 will cushion the impact of deep recession, business failures and rising unemployment that is likely in the country this year.
The R500 billion fiscal stimulus package to help South Africans through the fight against Covid-19 will cushion the impact of deep recession, business failures and rising unemployment that is likely in the country this year.
This was according to well-known economic commentator and North West University Business Professor Raymond Parsons, who was commenting on the stimulus package announced by President Cylril Ramaphosa on Monday night.
The measures were broadly supported by Parson, analysts and businesses, although there remained questions about the state’s ability to deliver on the measures.
Source: iol.co.za