Unemployment is at a record high. Finance Minister Enoch Godongwana walked back any expectations that government is on the verge of announcing a basic income grant.
In his medium-term budget speech, he stressed that South Africa is already spending more than R1 trillion on social grants.
Any additional grants must first "meet the test of sustainability and effectiveness by being fully and appropriately financed to ensure that the fiscal balance does not deteriorate". In his first medium-term budget speech, Minister of Finance Enoch Godongwana did not give any indication that he is keen to embrace a […]
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