---
title: "Rising from the Ashes?"
description: "South Africa's economy is in crisis due to the Covid-19 pandemic The Recovery Fund for the Transformation of the Economy (RFTA) aims to provide financial support to businesses and individuals affected by the pandemic The RFTA will focus on job creation, infrastructure development and reducing inequality The fund is estimated to cost R400 billion over three years"
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Maverick Citizen"
author: "Evelyn Munangati UBUNTOONS"
author_url: "https://www.dailymaverick.co.za/author/evelynmunangatidailymaverick-co-za/"
canonical_url: "https://www.dailymaverick.co.za/article/2023-05-23-rising-from-the-ashes/"
published: "2023-05-23T09:42:40"
updated: "2023-05-23T10:03:50"
lang: "en-ZA"
---

# Rising from the Ashes?

> Rising from the Ashes?

By Evelyn Munangati UBUNTOONS · Published 23 May 2023, 11:42 SAST · Updated 23 May 2023, 12:03 SAST

## Key points
- Daily Maverick's got you covered, from the ashes to the stars!
- South Africa's economy is in crisis due to the Covid-19 pandemic
- The Recovery Fund for the Transformation of the Economy (RFTA) aims to provide financial support to businesses and individuals affected by the pandemic
- The RFTA will focus on job creation, infrastructure development and reducing inequality
- The fund is estimated to cost R400 billion over three years

## Content

![Rising from the ashes?](https://www.dailymaverick.co.za/wp-content/uploads/2023/05/RFTA-edit.jpg?w=480)