The merry go round of economic policy iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Smaller parties have the muscle to make good on their promises regarding rates increases, says analysts iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
The Covid pandemic has greatly exacerbated existing poverty and unemployment in South Africa. What are the best policies to alleviate it? Targeted social grants may aim to reach the poorest of the poor but there are many inefficiencies in the targeting method. A Universal Basic Income Guarantee is more costly, yet simpler to implement, will reach those in need more quickly, and is financially feasible. The Covid Social Relief of Distress (SRD) grant is set to end in March 2022, and with it, the only source of income support for more than 9 million people. The burning question is what, if anything, will replace it? The recent Medium Term Budget Policy Speech (MTBPS) has given us no answer. Instead, Finance Minister Enoch Godonwanga has stated that, while this may be reconsidered by Cabinet, no decision has been taken regarding potential replacements, nor any budget allocation made for its extension currently.
In this article, we at the Institute for Economic Justice respond to three aspects of criticisms made by Intellidex on inter alia the IEJ’s work, showing how the Intellidex report misrepresents the work of the IEJ, contains mistakes of its own and fails to live up to the standard it sets for.