A BIG deal: Universal basic income could resuscitate South Africa’s economy — report

A BIG deal: Universal basic income could resuscitate South Africa’s economy — report

Basic income support also helps boost investment aimed at improving nutrition, healthcare, housing and transport, the report adds.

Original Post: https://mg.co.za/business/2022-01-28-a-big-deal-universal-income-support-could-resuscitate-south-africas-economy-report/

Despite its heavy price tag, a basic income grant (BIG) should be viewed as a means of addressing South Africa’s triple challenges: poverty , unemployment and inequality .This is according to a report commissioned by the National Economic Development and Labour Council , which found a basic income grant could add 0.5% to GDP growth by 2025 by improving household demand and boosting employment.The release of the report comes off the back of growing calls to implement a […]

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