The ministers would outline further elaborate on the implementation of the directives for support package and relief package as outlined by Ramaphosa on Tuesday night for economic recovery for South Africans.
The ministers will among others unpack socio-economic relief and the strengthening of the performance of the economy under the current conditions.
Ramaphosa delivered an economic recovery plan on Tuesday evening.
In his speech, the president assured South Africans, that financial aid would be given to those who have been hard hit by the virus and its economic impact.
Ramaphosa announced a R500bn economic and social support package as the government’s response to stimulate economic recovery hampered by the pandemic.
Ramaphosa said this relief package amounted to 10 percent of the country’s gross domestic product (GDP). He said the government was going into the second phase of economic measures with this “massive social and economic support package”.
Social Development Minister Lindiwe Zulu would also be expected to outline how unemployed South Africans would benefit from a six-month temporary social grant.
Ramaphosa announced that each beneficiary would be paid R350 per month for six months.
The ministers would outline further elaborate the extraordinary funding measures totalling R500bn will be channelled into healthcare, vital municipal services and social relief.
“The pandemic requires the response that is equal to the scale of the disruption that it is causing.”
Ramaphosa said the government had decided on a six months temporary coronavirus grant to assist the most vulnerable.
Child support grant recipients will receive an extra R300 in May, and from June an extra R500.