President Cyril Ramaphosa announced an unprecedented R500 billion social and economic support package to mitigate the impact of the coronavirus pandemic last night.
The stimulus package comes to some 10% of the country's GDP.
Ramaphosa said R130 billion of the amount will be supported by reprioritising funds from South Africa's existing Budget, with Finance Minister Tito Mboweni set to announce the adjustment budget in due course.
The rest would need to be funded externally, the president said, with organisations such as the World Bank, the Brics Bank and the International Monetary Fund having been approached.
Guest: Owen Nkomo, Director at Ikunzi Wealth Group