Solidarity Fund grows to R2.6bn; approves R1.1bn for PPE

Loading player...
The Solidarity Fund, that was put in place to help South Africa's fight against the Coronavirus has grown to R2.6bn. The Fund has a new board and the interim CEO Nomkhita Nqweni said that it was independent from government. So far the fund has approved R1.1bn for protection equipment for the health care sector; this includes 200 ventilators. By the end of the week the Fund expects to deliver 250,000 food parcels to poorer households. PwC has been appointed as the external auditor and the health-procurement function is being done through Business for South Africa. The Chair of the Fund, Gloria Serobe said in a media webinar this morning that the fund was a symbol of the enormous resilience of South Africans. - Linda van Tilburg 200423_solidarityfund_2.pdf — PDF (571.9 KB) Learn more about your ad choices. Visit megaphone.fm/adchoices
23 Apr 2020 6AM English South Africa Investing · Business News

Other recent episodes

Wayne Sussman - The 2026 battles facing SA’s political parties - and leaders

In this latest edition of the Electoral Roadshow with Chris Steyn, Analyst Supremo Wayne Sussman reviews the most important political trends that emerged from last year’s by-election results, and previews the electoral battles still ahead in 2026. He also examines the political futures of Democratic Alliance (DA) leader John Steenhuisen…
14 Jan 6AM 17 min

Prof Theo Venter - 2026: Trump, the ANC, the GNU, AfriForum and Solidarity…

In his latest interview with Chris Steyn, Political and Policy Specialist, Professor Theo Venter, urges South Africa to “get off the hobby horse of following the ANC foreign policy…because we are swimming stream up…we’ve got a difficulty reading the room temperature globally, where we fit in.” He says recent world…
14 Jan 4AM 27 min