South Africa's Tough Choices to Stem COVID-19 Economic Challenges

South Africa's Finance Minister Tito Mboweni has met with parliament to discuss further measures and proposals to keep the country's economy going despite dire financial conditions caused by the COVID-19 outbreak which has impacted the entire world. Among the expected proposals will be the selling-off of state-owned entities like national carriers South African Airways and South African Express that may free the government from pouring billions into a bottomless pit and the temporary increase of pensioner allowances to assist those in need during the lockdown period which has been extended to April 30, 2020.

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