In mid-2023, GDP and employment essentially returned to prepandemic levels. In response, the government has begun to cut the safety net measures introduced to deal with the catastrophic downturn brought by Covid-19.

However, focusing on the recovery in GDP and employment in absolute terms ignores the fact that the population is now almost 5% higher than it was before the pandemic. As a result, average incomes are lower and joblessness is higher than before 2020. By extension, many people still desperately need basic support programmes such as the social relief of distress (SRD) grant, which provides R350 a month to those who have no other income...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.