Kenneth Niemeyer
Updated Mon, June 10, 2024 at 6:31 PM GMT+2
Universal basic income has wide support in South Africa.
South Africa's largest political party recently pledged to make it a reality.
The country is ranked as one of the worst countries in terms of income inequality.
South Africa...
Basic income grant could hurt South Africa's economy and kill a million jobs
Analyses of the implications of extending income support measures in South Africa, including a basic income grant, have focused on one of three things: how much it will cost, calculations about how much revenue would...
South Africa must hike VAT and keep Covid grants — Experts
The Organisation for Economic Co-operation and Development (OECD) has published a report this week recommending South Africa raise VAT, keep the current Covid-19 relief grants, and cut corporate tax.
It also recommended reductions to...
Phased start for South Africa's R958 billion Basic Income Grant — advisory panel
A South African panel recommended the country gradually implement a basic income grant, beginning with the institutionalization of a monthly welfare payment introduced last year to offset damage wrought by the...
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South Africa's social grant disaster explained in one graph
South Africa has a runaway number of grant recipients and social wage spending, which is unsustainable amidst slow economic growth and high unemployment.
Finance Minister Enoch Godongwana highlighted the social grant problem in his...
R958 billion — cost of a truly universal basic income grant for South Africa
South Africa can’t afford to implement a basic income grant, South Africa’s biggest business organization said, wading into an argument that has divided the ruling African National Congress.
The country should instead...
Expect a new plan for state-run pension fund and universal basic income in South Africa
The Department of Social Development says it is busy reworking its Green Paper on Comprehensive Social Security and Retirement Reform and will republish it at a later date.
It said it withdrew the paper to...
Tax hike proposal paused — Government backpedals on universal pension and basic income grant
The Minister of Social Development, Lindiwe Zulu, has withdrawn the Green Paper on Comprehensive Social Security and Retirement Reform that her department published on 18 August.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...