(Ecofin Agency) – The South African government says it will introduce a population-targeted universal revenue system by the end of this year. Speaking during the 109th anniversary of the ANC party, President Cyril Ramaphosa (pictured) said the project will help establish a social safety net for the poor people in the country and improve the existing social aid systems.
The basic income or universal income is an amount allocated to the population at a specific periodicity, individually and unconditionally. An official ANC document, relayed by Bloomberg, revealed the amount is R500 ($32) for citizens aged 19 to 59 who are […]
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