S.Africa’s Ramaphosa pledges COVID rescue package worth 10% of GDP

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JOHANNESBURG — South Africa’s President Cyril Ramaphosa announced a 500 billion rand ($26.33 billion) rescue package on Tuesday, equivalent to 10% of the GDP of Africa’s most industrialized nation, to try to cushion the economic blow of the coronavirus pandemic. “The pandemic requires an economic response that is equal to the scale of the disruption […]

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