Most studies on a basic income grant lack proper macro-economic analysis

Most studies on a basic income grant lack proper macro-economic analysis

Fear that the medicine could be worse than the decease. Image: Moneyweb The Social Policy Initiative, a feminist research think- and do- tank, says the possibility of the current R350 social relief of distress grant forming the basis for a permanent Basic Income Grant (BIG) should be “celebrated with enthusiasm”.

Finance Minister Enoch Godongwana extended the grant, introduced in May 2020, for another year until March 2024. Currently more than seven million South Africans are receiving the grant.

According to the Social Policy Initiative (SPI) additional public spending through social grants will have a “highly positive impact” by stimulating economic […]

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