President Cyril Ramaphosa is looking to try make the shift to a Basic Income Grant a reality following renewed calls in this year’s ANC’s January 8th statement – but questions have arisen as to how the country is going to fund it.
President Cyril Ramaphosa is looking to try make the shift to a Basic Income Grant a reality following renewed calls in this year’s ANC ’s January 8th statement – but questions have arisen as to how the country is going to fund it.
“Millions of working age adults in our country remain unemployed without any form of support and little prospect of gaining employment until economic growth picks up,” said Ramaphosa at the opening address of the the ANC’s 26-29 January 2024 national executive committee (NEC) lekgotla. The ANC’s January 8th statement says that the R350 Social Relief of Distress (SRD) Grant, which introduced during the COVID-19 pandemic, was “able provide relief to unemployed people.” Ramaphosa said that this is “a strong case for a permanent form of targeted income support grant for the unemployed within our fiscal constraints.” The SRD is currently one of the only sources of financial support to millions of South Africans who are unable to find employment. South Africa’s unemployment rate of 31.9% is one of the highest in the worl
President Cyril Ramaphosa Basic Income Grant ANC Unemployment Fiscal Constraints South Africa
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