South Africa’s National Treasury has voiced its opposition to a campaign by the Department of Social Development and civil rights groups for stipends to be paid to millions of the country’s poorest citizens on a permanent basis.
Extending a temporary R350 monthly grant that was introduced in 2020 to shield the vulnerable against the fallout from the coronavirus pandemic would cost at least R50 billion a year, the Treasury said in a document, which was penned ahead of next month’s medium-term budget policy statement and seen by Bloomberg.
The only way to secure the money would be to raise taxes, incur […]
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