income

Business Tech

The tax hikes that could fund a new basic income grant in South Africa

While president Cyril Ramaphosa has been a strong proponent for a basic income grant in South Africa, the government also needs to be rational about the fact that the additional expenses will necessitate raising taxes and budget cuts, says Michael Sachs. Sachs is an adjunct professor of the Southern Centre for Inequality Studies at the […]

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Business Tech

Ramaphosa and Godongwana split on basic income grant for South Africa

Politics and economics are set to collide over welfare payments in the world’s most unequal nation. The first clue over which will prevail may come in South African president Cyril Ramaphosa’s state-of-the-nation address on Thursday. Record unemployment and deepening poverty has fueled calls for the government to move toward a basic income grant, which would […]

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