The
package will be funded by better government revenue collection
and by shifting around some spending, senior officials told a
news conference, addressing measures announced by President
Cyril Ramaphosa on Sunday.
"We are funding this package within available resources
currently. We are not going to be going for borrowing at all,"
National Treasury Director-General Dondo Mogajane said. "All in
all, ladies and gentleman, there is about 36 billion rand worth
of support that we are putting on the table."
Finance Minister Tito Mboweni said acts of looting and arson
following the jailing of former President Jacob Zuma had
probably caused around 50 billion rand of damage. He said the
government would allocate more money to the police and military.
Jacob Zuma turned himself in to police on July 7 to begin 15
months in jail for contempt of court after defying an
instruction to give evidence at an inquiry into corruption
during his nine years in power until 2018. Zuma denies there was
widespread corruption under his leadership.
($1 = 14.7817 rand)
(Reporting by Alexander Winning and Wendell Roelf; writing by
Olivia Kumwenda-Mtambo, Editing by Gareth Jones and Timothy
Heritage)
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