President Cyril Ramaphosa is expected to make a decision on a new basic income grant in his February 2022 state of the nation address, however, his economic advisors are split over its feasibility.
The Sunday Times reports that a division in the Presidential Economic Advisory Council has formed, with some warning that it is unaffordable. The council includes leading local and international economists, academics and experts on economic policy.
The first group says South Africa does not have fiscal space to incur additional annual spending on a new social grant.“Our vision must be to promote employment rather than ever-increasing state-funded income […]
Full Post at newsnationusa.com