Policy think-tank the Institute of Economic Justice (IEJ) has published an analysis of a basic income grant for South Africa and how much it will cost taxpayers.
Depending on the grant’s goals and the number of people it is given to, the ultimate annual cost of the grant will vary greatly, it said.
The group based its calculations on the national poverty lines measured by Stats SA, chosen because of their direct linkage to poverty reduction.The analysis shows that an 80% grant uptake would cost R192 billion a year at the food poverty line (FPL) of R585 a month. This would […]
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