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South Africa’s presidency is proposing spending as much as R88.5 billion ($4.6 billion) a year to tackle poverty at a time when the National Treasury is cautioning that the country has run out of money.
In a presentation to business and labour leaders last week Olive Shisana, President Cyril Ramaphosa’s special advisor on social policy, suggested a range of measures including an unemployment grant, food support and job creation initiatives, according to a copy of the document seen and confirmed by Bloomberg.Shisana’s proposals highlight the difficulties Treasury […]
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