23 March 2020 – Financed the import of essential medical products

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support; Financial aid to health services
Level of Jurisdiction: National

Overview: The Government of South Africa allocated R500 million to trade finance for the import of essential medical products.

This measure is to ensure that stocks of essential medical products are maintained in the country.

The funding is being delivered by the Industrial Development Corporation of South Africa, which assists with funding and technical assistance for a range of manufacturers to acquire machinery and equipment.

This funding is part of a R3 billion economic stimulus package.
Full details here: https://www.gov.za/speeches/president-cyril-ramaphosa-escalation-measures-combat-coronavirus-covid-19-pandemic-23-mar