Ramaphosa advisors divided over implementing basic income grant

Ramaphosa advisors divided over implementing basic income grant

Image: Masego Mafata, GroundUP A panel of economic advisors 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 advisors cautioning the president against implementing such a programme, saying it would be a “policy error” that would curb growth, was leaked last week. A separate report by four other advisors, 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 […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.