South Africa has received a $1-billion COVID-19 emergency loan from the New Development Bank (NDB).
This is the second loan in less than a year.
The loan will help finance employment creation.
This includes the first phase of the Presidential Employment Stimulus which is aimed at creating and supporting about 700,000 jobs in the public sector.
It will also put in place protection measures for people who temporarily lost their jobs.
The first loan was used for emergency healthcare and social grant relief.
The NDB established a $10-billion emergency assistance facility in April last year, to assist BRICS nations during the pandemic.
More Stories
SAMA Says Shortage Of Doctors At Critical Stage
Cosatu Stages Nationwide Protest
Force Majeure At Transnet Port Terminals
Joburg Mayor Says Water Shortage ‘No Cause For Alarm’
Public Health Strategies For Managing Covid-19 And Future Pandemics In Africa
Measures Are In Place To Ensure Safety Of Tourists – Minister Sisulu
Tourist Shooting Was Calculated Killing – Sisulu
Stage 3 Power Cuts To Continue Until Saturday
Lesufi Ready For Gauteng’s Top Job
North West Human Settlements On Launch Of Human Settlements Month
Minister Barbara Creecy Condemns The Murder Of A German Tourist In The Kruger National Park
The Presidential Employment Stimulus Reaches One Million South Africans