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South Africa’s Ramaphosa Announces 500 Billion Rand Virus Support Package

South Africa’s Ramaphosa Announces 500 Billion Rand Virus Support Package

(Bloomberg) -- South African President Cyril Ramaphosa announced a 500 billion-rand ($25.3 billion) economic and social support package in a speech broadcast on national television Tuesday.

The coronavirus pandemic requires an economic response equal to the scale of the disruption it’s causing, Ramaphosa said.

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