An economic recovery program, which is due to be presented by president Cyril Ramaphosa this week, indicates that government is considering the introduction of a basic income-grant.
The more than 100-page document, which has been seen by Bloomberg , indicates that the introduction of a basic-income grant could cost R243 billion a year and would necessitate tax increases.
In July, minister of Social Development Lindiwe Zulu said that South Africa will introduce a universal basic income grant as part of a range of packages to help the country’s unemployed.Zulu did not provide details of how the grant would be funded or […]
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