Ramaphosa Advisers Divided Over Implementing South African Basic Income Grant

Ramaphosa Advisers Divided Over Implementing South African Basic Income Grant

(Bloomberg) — A panel of economic advisers appointed by South African President Cyril Ramaphosa is divided over whether the country should implement a basic income grant to ease poverty in the world’s most unequal nation.

A report by 11 of the about 18 advisers cautioning the president against implementing such a program, saying it would be a “policy error” that would curb growth, was leaked last week. A separate report by four other advisers, seen by Bloomberg, warns that not doing so could lead to a repeat of last year’s riots and looting in which more than 350 people died.

“The […]

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