Mboweni Unpacks Relief Grants

By: Sthulile Mdletshe

Finance Minister Tito Mboweni says government will first focus on assisting businesses that are legally registered and tax compliant to benefit from the economic support package .

On Sunday President Cyril Ramaphosa announced the recovery plan for the economy and relief for businesses that were affected by the riots and looting in KZN and Gauteng

Mboweni says they have taken decisive action to secure the livelihoods of millions of people by working with the South African Special Risks Insurance Association (SASRIA), adding that the association will expedite payment of all valid claims, working together with private insurers to secure a swift rebuilding of businesses.

Meanwhile, the unemployment social relief grant of R350 is expected to cost Treasury R27 billion.

Government has announced the return of this grant following its discontinuation earlier this year when the country moved to lighter lockdown restrictions.

Mboweni says it is still not clear where the money will come from but Treasury will have to dig around in the system and make it happen.