Big changes planned for subsidies and social security in South Africa – including a new Basic Income

Big changes planned for subsidies and social security in South Africa – including a new Basic Income

Social Development Minister Lindiwe Zulu said her department was considering a more comprehensive social security system for South Africa.

Responding to a written parliamentary question and answer from the Democratic Alliance, Zulu said the government will create a three-pillar system comprising social grants, contributory social insurance and voluntary insurance.

This will ensure that those who can contribute to their own social security provision have appropriate institutional platforms to participate in social security coverage, she said.“The policy makes many proposals to ensure that all workers in the country, both in the formal sector and in non-standard forms of employment, are mandated or […]

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