My fellow columnist, the inestimable Jonny Steinberg, is dismayed at the binary way in which the debate over a basic income grant is being conducted in SA, where the choice is being framed as one between more welfare or more job creation (“Unemployment is here to stay: that should be our starting point (https://www.businesslive.co.za/bd/opinion/columnists/2021-07-29-jonny-steinberg-unemployment-is-here-to-stay-that-should-be-our-starting-point/),” July 29).

His argument is that SA has little choice but to extend welfare (or some other form of redress), since unemployment is deeply structural. He notes that even at the end of the commodity supercycle in 2008, SA’s unemployment rate only dropped to 22%, so it’s crazy to think we will ever eradicate unemployment through faster growth...

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