Access to credit and financial markets:
– The Reserve Bank has reduced interest rates by 100 basis points, making it easier for consumers and firms to access credit.
– A range of measures have been taken to support market liquidity and protect the banking system.

Support for businesses:
– The Employment Tax Incentive has been expanded to include all employees earning below R6,500 with a subsidy of R500, relieving the burden on businesses as they face a decline in revenue due to the lockdown.


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