Pulling Covid-19 grant risky for Ramaphosa, warns former Treasury official
Move could spark unrest or could be used against president by his opponents, says Michael Sachs
15 March 2022 - 18:56
Withdrawing the social relief of distress grant (SRD) without implementing a permanent replacement carries a huge political risk for President Cyril Ramaphosa as the country claws back from the economic devastation of the pandemic, says Michael Sachs, a former head of the budget office at the National Treasury.
Civil society organisation Black Sash and the Studies in Poverty and Inequality Institute (SPII) called on the government to implement a basic income grant after the July 2021 unrest and ongoing pandemic. However, Business Unity SA and Business Leadership SA oppose the implementation of a permanent grant, considering the country’s wobbly fiscal position. ..
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now