Solidarity Fund at R500m; no soft loans for SMEs

The Solidarity fund that was put into place to provide funding during the coronavirus outbreak provided information today on how they are going to spend the money donated. Chairperson Gloria Serobe and her team have indicated that the first money that has been paid out has been used to acquire Personal Protective Equipment and 5 million masks have been ordered from China. The money provided by the Rupert and Oppenheimer families is not going to be channelled through the Solidarity Fund. Also on this podcast are Martin Kingston, Adrian Enthoven and Nicola Galombik. – Linda van Tilburg