GOVERNMENT set aside R36 billion financial assistance and incentive relief to businesses hardest hit by the recent riots in Gauteng and KwaZulu-Natal with the aim of helping them get back on their feet.
Revealing the economic support package on Wednesday, Finance Minister Tito Mboweni said the government had to intervene.
He said South Africa was fortunate enough to have the South African Special Risks Insurance Association (Sasria). To this end, Treasury Director-General Dondo Mogajane said Sasria would be allocated about R3.9 billion “immediately” to ensure that in need businesses were supported.
Further to this, employment tax incentives of about R5 billion were releasing back to businesses in the form of their employment initiatives.
“All-in-all, there’s about R36 billion in support that we are putting on the table. But we will be interacting within the parliamentary system,” he said.
Mboweni said Sasria would immediately commence paying out insurance claims “in order
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