South Africa: R26 Billion Set Aside for R350 Grant

The temporary extension of the R350 Social Relief of Distress grant by another month will cost the South African fiscus R27 billion, the National Treasury has revealed.

The Department revealed this during a press briefing in which it detailed the country's Economic Support Package as a result of COVID restrictions and the recent riots in Gauteng and KwaZulu-Natal. The package was first announced by President Cyril Ramaphosa on Sunday.

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