South Africa’s largest trade organization has said South Africa can’t afford the basic income grant, and is embroiled in an argument that has split the ruling African National Congress.
Business Unity South Africa said in a statement on Monday that the country should instead consider an “unemployment insurance type product”.
Even then, the group said, it should only be applied if labor market reforms are enacted to boost employment, the fiscal deficit does not widen as a result, and payments are to those in need and are not comprehensive.With the impact of the Covid-19 pandemic driving unemployment in South Africa to […]
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