President Cyril Ramaphosa announced the reintroduction of the R350 Social Relief of Distress (SRD) grant on Sunday (25 July) as part of the government’s relief measures around Covid-19 and the recent social unrest.
While the grant is set to remain in place until March 2022, the president has also recently said that the government is considering the feasibility of introducing a permanent basic income grant.
However, questions still remain around how such a grant will be funded, says Carmen Nel, economist and macro strategist at Matrix Fund Managers.“Temporary support measures, such as the SRD grant, are quantifiable and currently fundable, but […]
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