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South Africa’s shopping list of essential requirements is significantly longer than its national budget can stretch. Finance Minister Enoch Godongwana is going to have to make hard choices. The country presently faces a trio of existential crises: The collapse of stable electricity supply, extreme and widespread poverty, and disastrous weather events resulting from climate change.
The organization says that extra cash can make a difference in the case of a financial emergency.
The old way of doing things, of letting the market decide to the greatest extent, with intervention largely confined to attempting to alleviate poverty, is looking increasingly out of date
During his speech, President Cyril Ramaphosa shared 'good news' about a Basic Income Grant for South Africans. Find out more here..
President Cyril Ramaphosa confirmed that social grants will increase in order to cushion the poor against rising inflation.