Busa opposes basic universal income grant
Business Unity SA CEO Cas Coovadia says SA’s low tax base renders basic income grant fiscally unsustainable
28 September 2021 - 11:05
UPDATED 28 September 2021 - 20:18
Business Unity SA (Busa), which represents almost all big businesses in the country, has weighed in on the contentious and divisive proposal to introduce a basic income grant (BIG) as a mechanism to alleviate poverty in SA.
In a hard-hitting statement, Busa CEO Cas Coovadia said SA has a low tax base that renders the proposal fiscally unsustainable and called on the government to fast-track reforms to enable investment and economic growth...
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