New report raises serious doubts about the sustainability of a basic income subsidy for South Africa

New report raises serious doubts about the sustainability of a basic income subsidy for South Africa

The proposal for a basic income subsidy in South Africa gained both social and political support, as the National Treasury officially reflected on how to introduce a system that would reduce the poverty gap in the country.

The Treasury has commissioned a study to determine what long-term plan can be devised to replace the government’s current R350 grant for social distress relief.

Informing Parliament’s select committee on the appropriations this week, the Treasury said the study is being conducted through a unit at the University of Cape Town, with the poverty gap being that of those who fall below of the […]

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