The South African Cabinet is seriously considering now extending a program for all citizens of South Africa that provides guarantees to all local banks by the African Development Bank; All loans are interest free for one year instead of six months.
In a related context, according to what African news agencies revealed, "The move in that thinking by the South African government comes in implementation of all directives of Cyril Ramafuza, President of the State of South Africa, in order to support the private sector that was recently affected by the repercussions of the emerging Corona Virus in all Countries of the world, and in South Africa in particular.
In this regard, the official statement came as follows: - In implementation of all directives of the Head of State, to support the private sector affected by the repercussions of the Corona Virus (Covid 19), His Excellency the President of the Council of Ministers of the State of South Africa and the Minister of the Interior directed to extend the period of the national guarantee program, which provides guarantees for all banks In local South Africa by the Development Bank, to be interest free for a full year instead of six months.
On the other hand, the African Development Bank had called, in the previous April 5, to provide guarantees for all local banks, for interest-free loans for all companies affected by the consequences of the spread of the Coruna virus.
On the other hand, South African Minister of Health, Zuli Makhiz, revealed that the number of Corona virus cases in the country exceeded 30,000 on Saturday.
South Africa recorded 1727 new infections, bringing the total number of cases to 30,967. The death toll from the virus in the country jumped by 32 to 643.
Recall that, South African President Cyril Ramabusa has announced that churches and other places of worship will open their doors from June when the country relaxes further isolation restrictions, but it will not receive more than 50 people.
"The religious group is an integral part of life in South Africa and has made significant contributions to fighting the Coronavirus," Ramaposa said in a televised speech.
The government imposed restrictions in late March to stem the spread of the Coronavirus, which has infected 23,615 people in the country and has killed 481 people.
Starting in June, South Africa will move to the "third level" of the general isolation system divided into five levels, allowing the vast majority of economic activities to return to work at full capacity.