Cyril Ramaphosa confirms allocation of R1 billion to KZN for flood relief

Cyril Ramaphosa confirms allocation of R1 billion to KZN for flood relief

Cyril Ramaphosa confirms allocation of R1 billion to KZN for flood relief

President Cyril Ramaphosa affirms the assignment of over R1 billion to KwaZulu-Natal for flood help.

More than 13 593 families and 40 723 individuals were seriously impacted by the floods that killed no less than 395 individuals, 355 of them in the eThekwini metro.

The following is the way the cash will be raised and spent:

– R152 million from the National Housing Finance Corporation’s Residential Rent Relief will be utilized for flood help;

– R100 million from Social Housing Regulatory Authority’s Residential Rent Relief Grant;

– R45 million for 80 freshwater big haulers to enhance the water big haulers at the three impacted districts where networks don’t have water;

– The Community Schemes Ombud Service (CSOS) will contribute about R30 million of the equilibrium of the held excess for the 2020/21 monetary year, dependent upon endorsement by the National Treasury.

South Africans are content with the update, yet trusting the cash does what it’s intended to do.