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Finance Minister Enoch Godongwana. Picture: GCIS
Finance Minister Enoch Godongwana. Picture: GCIS

New finance minister Enoch Godongwana has drawn an early line in the sand over the question of a basic income grant (BIG), saying he would rather the funds be used to give work to unemployed black youngsters, instead of a handout.

In an interview yesterday, as he prepares to take up the hot seat vacated by Tito Mboweni, Godongwana was careful to tread a diplomatic path on the BIG, which many in the ANC see as a necessary measure amid low growth and a Covid-ravaged economy.

He hinted at far-reaching proposals that would focus on millions of young people who are unable to find work. He said a more thought-out approach is required, something that has been misinterpreted in the party as his opposing the introduction of a BIG.

Read the full Sunday Times interview here.

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