The Minister of Social Development, Lindiwe Zulu, has withdrawn the Green Paper on Comprehensive Social Security and Retirement Reform that her department published on 18 August.
Zulu withdrew the paper by issuing a notice in the Government Gazette published late on Tuesday evening.
She gave no reason for the withdrawal, but the paper was met with heavy criticism from analysts, members of the public, and South Africa’s business community.The paper proposed a substantial hike in income taxes to fund a basic income grant, and mandatory contributions to a state-run pension scheme.To fund the lowest level of its proposed universal basic income […]
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