basic income grant
Business pushes back against ‘unaffordable’ BIG
The debate over whether a basic income grant would be affordable in SA rages on, with business getting cold feet based on new research, which shows that a BIG could harm both growth and job creation
18 August 2022 - 05:00
The ANC’s recent policy conference confirmed there is significant popular support for the introduction of a large, permanent basic income grant (BIG) for unemployed adults funded by a wealth tax on SA’s richest. If only it were that simple.
Given the ANC’s waning support, it seems plausible that whoever is president in 2023 will extend the temporary R350 a month special Covid social relief of distress (SRD) grant for at least another year, and possibly raise it as well, even if this conflicts with the advice of the National Treasury...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.