Business Unity South Africa says a basic income grant needs to be considered carefully as it could have unintended consequences (Getty Images) A basic income grant would ensure spending cuts in other priority areas, Business Unity South Africa said Monday.
It could potentially destabilize weak tax revenue growth and lead to other costly and disruptive impacts on the economy, said Cas Coovadia, CEO of BUSA.
Businesses, on the other hand, support social support through a product such as unemployment insurance, which meets certain conditions. Funding constraints mean that implementing a basic income grant could lead to […]
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