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Economics

South Africa’s Cosatu Warns Key Virus Intervention May Stall

  • Cosatu questions ability of fund to distribute benefits
  • South Africa has set aside $2.2 billion for laid-off workers
Pedestrians walk by shuttered stores in the the Central Business District (CBD) of Johannesburg.

Pedestrians walk by shuttered stores in the the Central Business District (CBD) of Johannesburg.

Photographer: Waldo Swiegers/Bloomberg

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South Africa’s biggest intervention to alleviate the economic impact of the coronavirus outbreak, a 40 billion-rand ($2.2-billion) fund for laid-off workers, is being thwarted by an inability to get money to people, the nation’s biggest labor group said.