The Methodist Publishing House and the Christian Connexion Book Store chain have announced that they will be closing down. (Photo: Andy Mkosi/ Supplied)
The Methodist Publishing House and the Christian Connexion Book
Store chain have announced that they will be permanently shutting their
doors.
After 127 years in existence, the publishing arm and chain of book stores will cease to exist at the end of April.
This is just one of many institutions that have suffered due to the lockdown and alleged mismanagement of Covid-19 relief finds by the NAC.
The Methodist Publishing House and the Christian Connexion Book Store chain have announced that they will be permanently shutting their doors come the end of April, 2021.
By Prinesha Naidoo
(Bloomberg) – The New Development Bank approved a $1bn emergency loan for South Africa to support government efforts to contain the economic impact of the coronavirus pandemic.
The funds will help finance the creation of employment opportunities, particularly under the Presidential Employment Stimulus programme that aims to create and support about 700,000 jobs in the public sector, the Shanghai-based lender said in an emailed statement on Thursday.
The NDB, which serves the so-called Brics nations – Brazil, Russia, India, China and South Africa – approved another $1bn emergency loan for South Africa in June 2020 to help the country overcome the health impact of the pandemic.
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SHANGHAI, April 8, 2021 /PRNewswire/ On April 2, 2021, the Board of Directors of the New Development Bank (NDB) approved a USD 1 billion COVID-19 Emergency Program Loan to the Government of the Republic of South Africa for supporting South Africa s economic recovery from COVID-19 (the Loan).
The Loan will support the Government of South Africa in its efforts to contain the economic fallout of the pandemic and start economic recovery. The Loan will finance creation of employment opportunities in South Africa, in particular the first phase of the Presidential Employment Stimulus (PES) aimed to create and support about 700,000 job opportunities in the public sector, together with social protection measures for active labor market participants that temporarily lost their jobs, in order to help them remain in the labor market.
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To help finance the creation of employment opportunities.
By Prinesha Naidoo, Bloomberg
8 Apr 2021 13:08
Image: Shutterstock
The New Development Bank approved a $1 billion emergency loan for South Africa to support government efforts to contain the economic impact of the coronavirus pandemic.
The funds will help finance the creation of employment opportunities, particularly under the Presidential Employment Stimulus program that aims to create and support about 700 000 jobs in the public sector, the Shanghai-based lender said in an emailed statement on Thursday.
The NDB, which serves the so-called Brics nations â Brazil, Russia, India, China and South Africa â approved another $1 billion emergency loan for South Africa in June 2020 to help the country overcome the health impact of the pandemic.
Presidency releases third progress report on implementation of the Presidential Employment Stimulus thepresidency.gov.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepresidency.gov.za Daily Mail and Mail on Sunday newspapers.