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basic income grantlatest news & developments
President Cyril Ramaphosa gestures to supporters during his address at the  African National Congress election manifesto launch at the Moses Mabhida Stadium in Durban on February 24, 2024. (Photo by RAJESH JANTILAL/AFP via Getty Images)

WRAP: Packed stadium, but little new as Ramaphosa delivers ANC election manifesto

The party wants to tie ministerial performance contracts to implementing key manifesto items

ANC president Cyril Ramaphosa at the launch of the party’s manifesto, Moses Mabhida Stadium, Durban, on Saturday 24 February. Photo supplied

2.5 million job ‘opportunities’ in next five years, says Ramaphosa at ANC manifesto launch

The governing party also said it would progressively work towards implementing a basic income support grant

A vendor counts out rand banknotes while working in an African craft market in South Africa. Photographer: Waldo Swiegers/Bloomberg

Basic income grant: Peering beyond the endless impossibilities

South Africa’s economy has stagnated and policymakers ought to be looking for solutions that move us forward

The African Development Bank (AfDB) says South Africa’s well-developed financial sector has the potential to be the continent’s powerhouse.

The Fiscal Cliff | Is South Africa nearing a debt crisis?

The real issue is that the February 2023 budget was the least credible assessment of the country’s finances since 1994

Late last week, the Social Policy Initiative released a statement revealing that it had called on Ramaphosa to urgently host an inclusive debate on South Africa’s macroeconomic priorities in the wake of recent media coverage. (Emmanuel DUNAND / POOL / AFP)

Ramaphosanomics cuts SA adrift

World leaders are closely associated with the economic policies they espouse, a fact that does not bode well for South Africa’s president

The South African Reserve Bank is likely to hold interest rates unchanged

How do we write about the crisis-hit economy?

Reporters have an all too familiar relationship with crisis. But our desire to get by must not stop us from seeking out change

The government will extend the social relief of distress grant until 2025. Photo: Pieter Bauermeister/AFP

Godongwana: Basic income grant decisions won’t be made because of political pressure

The social development department has been allocated R35.7 billion to fund the extended social relief of distress grant

President Cyril Ramaphosa delivers his State of the Nation address. (Dwayne Senior/Bloomberg via Getty Images)

A BIG leap is Ramaphosa’s best step to economic growth

The government has shown that it is willing to explore introducing a basic income grant, which would mark a big step towards achieving growth

Finance Minister Enoch Godongwana. (David Harrison/M&G)

Controversial government spending cuts ‘paid off’

Fiscal consolidation is drawing to a close as the public purse was boosted by commodities, but the treasury will probably continue exercising restraint

Finance Minister Enoch Godongwana on Wednesday extended the Covid-19 social relief of distress grant for another year until the end of March 2024.

Social relief of distress grant extended for another year

The finance ministry confirmed that it is still mulling whether and how to replace the interim measure with a basic income grant

Thousands of people line up at the labour department to apply for UIF during the Covid pandemic. Photo: Delwyn Verasamy

The BIG fix: Effective basic income grant will soothe ailing economy

The government needs to cough up for an effective basic income grant if it wants to achieve a 6% GDP growth rate

Renowned French economist Thomas Piketty noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income. Photo by Justin Sullivan/Getty Images)

Thomas Piketty: Direct wealth distribution needed to fix SA’s extreme inequality

The renowned French economist noted that the country has made little progress towards closing the inequality gap, despite efforts to redistribute income

There are environment-friendly interventions that will ensure that South Africa will have sufficient renewable power supply domestically as well as for export.  (Dwayne Senior/Bloomberg via Getty Images)

‘South Africa on a path to unjust transition’

The country needs a greener economy but energy specialists say policymakers must ensure the creation of a fairer economy in the process

Job creation: National government cannot build a thriving labour market on the foundations of failing
infrastructure.

SA’s rising unemployment needs a fresh solution

The government’s failed attempts to address unemployment have left many without work, but there are ways to effectively overcome this

The expansion of social grants has been one of the most significant redistributive measures in democratic South Africa. Grants now support millions of children, older persons, and people with disabilities.
 (Delwyn Verasamy/M&G)

More money for grants, but Godongwana was spared the BIG decision

A long-term basic income relief measure will depend on spending cuts and improved revenue performance, the finance minister said in his guarded words on the subject

Finance minister Enoch Godongwana.
(Photo by Jeffrey Abrahams/Gallo Images via Getty Images)

Long wishlist for Godongwana ahead of Wednesday budget speech

Political parties and trade unions are asking the finance minister to address the growing national debt crisis and to extend the R350 grant

Finance minister Enoch Godongwana.
File photo by Jeffrey Abrahams/Gallo Images via Getty Images

Death or taxes: Why the basic income grant is a tough sell

A basic income grant requires higher taxes. But the government will struggle to convince taxpayers to give it more when they see little in return

A general view of senior citizens queuing for their monthly social grants outside Jabulani Mall on May 04, 2020 in Soweto, South Africa.  (Gallo Images/ER Lombard)

The BIG debate: Would new social grants compromise economic growth?

Economists against basic income support have warned that introducing it could hurt the GDP. Others point out that growth means little to the poor

Covid hampers were distributed by charities at the Iterileng informal settlement in 2020, but the government failed to respond structurally to the pandemic. (Photo by Marco LONGARI / AFP)

Sona 2022: Tell us what’s happened, Mr President

The president needs to report back to South Africa on what his government has – and hasn’t – achieved since 2018

Basic income support also helps boost investment aimed at improving nutrition, healthcare, housing and transport, the report adds. (Ricardo Rojas/Reuters)

A BIG deal: Universal income support could resuscitate South Africa’s economy — report

A basic income grant could add 0.5% to GDP growth by 2025, according to a report commissioned by the National Economic Development and Labour Council.