Major changes planned for South African grants and social security – including new basic income

Major changes planned for South African grants and social security – including new basic income

Social Development Minister Lindier Zul says her department is considering a more comprehensive social security system for South Africa.

In response to a written parliamentary question and answer session from the Democratic Alliance, Mr. Zulu said the government would create a three-pillar system of social grants, contribution social insurance, and voluntary insurance.

She said this would ensure that those who could contribute to their social security provision would have an appropriate institutional platform to participate in social security compensation.“This policy is for all workers in the country to retire, die or have a disability, both in the regular sector and in […]

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