Business Unity South Africa Says Basic Income Grant Needs Careful Consideration As It Can Have Unintended Effects (Getty Images) A basic income grant would justify spending cuts in other priority areas, Business Unity South Africa said on Monday.
This could potentially destabilize weak tax revenue growth and lead to other costly and disruptive economic effects, said Cas Coovadia, CEO of BUSA.
Instead, the economy supports social assistance through an unemployment insurance-type product that meets certain conditions. Financial constraints mean that the introduction of a basic income grant could lead to spending cuts in priority areas, Business […]
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