Macro Analysis /
South Africa

South Africa: Govt proposes ZAR38.9bn fiscal relief package for Covid, riots

  • Funding will come from tax windfall (ZAR 36.2) and reprioritization (ZAR 5bn)

  • Reinstatement of social grant to cost ZAR 26.9bn but is temporary

  • Package will not increase debt trajectory, no deviation from fiscal targets

South Africa: Govt proposes ZAR38.9bn fiscal relief package for Covid, riots
Metodi Tzanov
EmergingMarketWatch
29 July 2021