Ramaphosa Advisers Warn Against South African Basic Income Grant

Ramaphosa Advisers Warn Against South African Basic Income Grant

Calls for a basic income grant has come from civil society organizations and labor unions. A panel of economic advisers appointed by South African President Cyril Ramaphosa warned against implementing a basic income grant in the world’s most unequal nation, saying the multibillion dollar cost could deepen debt and hinder economic growth.

As recently as September , Ramaphosa has said that a basic income grant — which would be the biggest of its kind globally if implemented — should be considered to alleviate poverty. That statement has put him at odds with his finance minister and business organizations that say […]

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