Business for South Africa (B4SA) – the alliance of volunteer resources from across South African business bodies and organisations, member companies large and small, including professional services firms – expresses its full support for President Cyril Ramaphosa’s historic and significant R500 billion fiscal stimulus package, which is equivalent to some 10% of the country’s GDP.
The three-phase plan announced by President Ramaphosa on 21 April 2020 directly aligns to the
work being done by B4SA to find sustainable solutions to stabilise South Africa’s economy, while at
the same time addressing the current economic decline, protecting jobs and initiating a radical
economic change plan. The President has finely balanced the fiscal stimulus package between relief
for social stress, and an ongoing emphasis on protecting lives as well as stimulating economic
regeneration.