BizNews BizNews Radio

Solidarity Fund grows to R2.6bn; approves R1.1bn for PPE

Loading player...
The Solidarity Fund, that was put in place to help South Africa's fight against the Coronavirus has grown to R2.6bn. The Fund has a new board and the interim CEO Nomkhita Nqweni said that it was independent from government. So far the fund has approved R1.1bn for protection equipment for the health care sector; this includes 200 ventilators. By the end of the week the Fund expects to deliver 250,000 food parcels to poorer households. PwC has been appointed as the external auditor and the health-procurement function is being done through Business for South Africa. The Chair of the Fund, Gloria Serobe said in a media webinar this morning that the fund was a symbol of the enormous resilience of South Africans. - Linda van Tilburg 200423_solidarityfund_2.pdf — PDF (571.9 KB) Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Apr 2020 6AM English South Africa Investing · Business News

Other recent episodes

Jabulani Khumalo - Threats, a R14-m ransom & the battle for MKP….

In his latest interview with Chris Steyn, the real founder of MKP, Jabulani Khumalo, reveals threats to the actual directors of the “hijacked” party over a picket to distance themselves from the human trafficking of 19 men to Russia. “…our spokesperson… got a call…a threatening call…And also, the people on…
11 Jan 6AM 18 min

Magnus Heystek: Why SA’s middle class is quietly being crushed

South Africans are being told everything is fine. Magnus Heystek says it’s a dangerous illusion. In a wide-ranging conversation with Alec Hogg, the veteran investment strategist warns that falling GDP per capita, rising taxes, weak property returns and flawed retirement structures are steadily hollowing out the middle class. From Regulation…
9 Jan 6AM 41 min
All episodes