Ramaphosa’s advisers warn against basic income grant

Ramaphosa’s advisers warn against basic income grant

Government can ill afford further social support without adding to the country’s considerable debt and stifling economic growth, Presidential Economic Advisory Council says

SA is is projected to spend R222bn on social grants in the year to end-February, mostly in the form of child-support stipends and pensions, even before the proposed introduction of a basic income grant. Picture: BLOOMBERG A panel of economic advisers appointed by President Cyril Ramaphosa have warned against implementing a basic income grant, saying the multibillion-rand cost could deepen debt and hinder economic growth.

As recently as September, Ramaphosa has said that a basic income […]

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