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South Africa seems to have passed the peak in the number of cases with the daily Covid-19.
The OECD said that a sound growth strategy could deliver quick wins in terms of job creation and potential growth.
The move to lockdown level 2 means that restrictions will be eased in several sectors.
The sharp drop in economic activity adds to long-standing challenges and raises the urgency of structural reforms.
The loan will help Brazil safeguard the income of about 5 million people in vulnerable situations.
Short-term borrowing will increase by R98 billion to R146 billion in 2020/21.
Such emergency loans could be used to finance direct expenses such as procuring protective gear for health workers.
South African steel production fell by 99.5 per cent year-on-year in April so the move to Level 3 was welcomed.
Oramah said that the continuing COVID-19 pandemic situation was not conducive to holding such a pan-African event.
R2 billion is geared to assist small and medium enterprises and spaza shop owners and other small businesses;
