What is the Solidarity Fund and who will benefit from it?

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Published: March 24, 2020

On 23 March 2020, President Cyril Ramaphosa announced the establishment of the Solidarity Fund, a financing vehicle to help fight the spread of and to care for those who become ill from COVID-19. Individuals and businesses can contribute to the fund  through secured, tax deductible donations.

The aim of the fund includes:

  • Prevention – Prevent the spread of the disease by supporting measures to “flatten the curve” and lower infection rates;
  • Detection – Detect and understand the magnitude of the disease;
  • Care – Care for those in hospital or medical care; and
  • Support – Support those whose lives have been disrupted by the pandemic.

 

In this regard, the fund will help finance the country’s COVID-19 health response, humanitarian efforts and on driving a solidarity campaign through mobilising and motivating South African citizens to fight the spread of the coronavirus.

On 9 April 2020, President Ramaposa announced that R1 billion of the fund had been allocated to buy sterile gloves, face shields, surgical masks, virus test kits and ventilators; and that funds will also be allocated for humanitarian relief to vulnerable households.

Solidarity Fund

President Cyril Ramaphosa: Speech on the Extension of Coronavirus COVID-19 lockdown to the end of April

 

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