universal basic income

  1. RazedInBlack

    South Africa could be the first-ever country to provide a no-strings-attached universal basic income

    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...
  2. Jan

    A basic income grant for South Africa: more money in poor people's pockets, but at a heavy cost

    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...
  3. Jan

    OECD says South Africa must keep Covid grants, hike VAT, and cut corporate tax

    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...
  4. Jan

    South African Panel Proposes Gradual Start to Basic Income Grant

    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...
  5. Jan

    27.8 million South Africans receive social grants - one graph shows the problem

    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...
  6. Jan

    Truly universal basic income grant for South Africa will cost R958 billion - Barclays

    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...
  7. Jan

    An updated Green Paper with state-run pension fund and universal basic income proposals will be published

    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...
  8. Jan

    Government puts state pension and universal basic income proposal on ice

    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...
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