Rama Poza makes final decision on South African basic income grant

Rama Poza makes final decision on South African basic income grant

President Cyril Ramaphosa is expected to make a decision on granting new basic income in a national speech in February 2022, but his economic advisers are divided on its feasibility.

The The Sunday Times It reports that a division of the Council of Economic Advisers has been formed, but there are warnings that it is not affordable. The council includes key local and international economists, scholars and experts on economic policy.

The first group states that South Africa has no financial room to cover the additional annual spending on new social grants.“Our vision must be to promote employment, not income support […]

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