The ANC Youth League wants the R350 SRD grant to be increased to R1,500 – and triple that amount given in a new grant.
The ANC Youth League has called for a permanent Social Relief of Distress grant for the unemployed – including one which exceeds minimum wage for those who have a degree.
“While the government is still looking for solutions, the R350 must be increased to R1,500, and unemployed graduates with degrees must be paid R4,500 per month – until the issue of unemployment is resolved,” he added. He said the successful implementation of the R350 grant has shown that the government can roll out a BIG of a similar nature.reported that the Treasury told President Cyril Ramaphosa and his ministers that the government faces unprecedented revenue and spending pressures.
According to the report, if the government wants to keep the R350 SRD grant going, it will need to raise R42 billion this year – or R55 million if it is raised to R450. This would require VAT to be hiked by 1% or 2%, respectively.The other option is to cut numerous government initiatives, including visible policing, the expanded public works programme, and the mine health and safety inspectorate.
“I suspect you may need a combination of these instruments moving forward. You will probably get that during the medium-term budget policy statement,” he said.
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