South African billionaire businessman Patrice Motsepe has donated a sum of 1billion Rand (N20.8billion) to help in the fight against coronavirus.
South Africa entered a 21-day lockdown on Friday with people restricted to their homes and most businesses closed as the infections climb.
The country has reported 1,170 cases of coronavirus and now faces a near certain deep recession, bare weeks after announcing negative growth.
Motsepe, President Cyril Ramaphosa’s brother-in-law and head of investment firm African Rainbow Capital, said at a media conference the money would be channeled through the government to build water, health and education facilities.
The pledge follows a 1 billion rand donation each by the Oppenheimer and Rupert families and a government package of more than 3 billion rand for industrial firms, and comes a day after the country lost its last investment-grade credit rating, Reuters writes.