Finance Minister Tito Mboweni has painted a grim picture for the country as it battles with the new coronavirus pandemic and a shrinking economy. Mboweni delivered his supplementary COVID-19 budget on Wednesday this week.
Mboweni says the country’s economy could hit levels last seen 90 years ago, as the economy is opened after a national lockdown.
The COVID-19 outbreak has also put more pressure on South Africa’s economy, with many financial resources being directed towards minimising the effects the disease could have on citizens.
Government has had to set-up temporary health facilities to deal with the pandemic.
The infographic below gives a breakdown of the supplementary healthcare budget:
Source: SABC News (sabcnews.com)