Basic Income Grant would slow economy – CDE report

Basic Income Grant would slow economy – CDE report

Centre for Development and Enterprise (CDE) executive director Ann Bernstein explained on Tuesday that South Africa cannot afford a Basic Income Grant (BIG), as it would be a “reckless, losing gamble with history”.

She was speaking during the release of the CDE’s ‘Poverty and a Basic Income Grant: Six questions about a BIG’ report, which highlighted that, in contrast to what proponents of a BIG claim, it would actually slow economic growth. “Poverty rates in South Africa are exceptionally high and it is possible that the incomes of over 60% of people fall below the poverty line. In this context, […]

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