Warning over higher taxes to fund basic income grant in South Africa & More Finance News

Warning over higher taxes to fund basic income grant in South Africa & More Finance News

The idea of a permanent social assistance grant in South Africa has grown in popularity following the implementation of the Social Relief of Distress Grant to help offset the effects of the Covid pandemic on the country’s poorest citizens.

The Basic Income Grant (BIG) would provide income support for individuals between 18 and 59 years old who are struggling and don’t have any social assistance. But how much would each individual get paid, and how much would it cost?

Bloomberg reports that record unemployment and deepening poverty has fueled calls for the government to move toward a basic income grant.It said […]

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