May 13, 2020 / 1:59 PM / 24 days ago

South Africa's treasury schedules June 24 for coronavirus budget

JOHANNESBURG, May 13 (Reuters) - South Africa’s National Treasury on Wednesday said it would table a new budget on June 24 to ratify plans for a 500 billion rand ($27 billion) stimulus package aimed at easing the economic impact of the coronavirus outbreak.

“”A revised fiscal framework will also be presented, to account for substantial revenue losses emanating from the economic shock of the pandemic and subsequent lockdown,” it said in a statement.

$1 = 18.3788 rand Reporting by Mfuneko Toyana

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