South Africa Can't Afford Basic Income Grant - CDE
The Centre for Development and Enterprise says the country cannot afford a basic income grant.
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The Centre for Development and Enterprise says the country cannot afford a basic income grant.
Describing the scheme as unaffordable, the Centre for Development and Enterprise (CDE) told reporters at the launch of a report on poverty and the basic income grant that if implemented it would further compound the low economic growth.
The Money Show’s Bruce Whitfield interviews Anne Bernstein of the Centre for Development and Enterprise.
Centre for Development and Enterprise (CDE) executive director Ann Bernstein explained on Tuesday that South Africa cannot afford a Basic Income Grant (BIG), as it would be a “reckless, losing gamble with history”. She was speaking during the release of the CDE’s ‘Poverty and a Basic Income Grant: Six questions about a BIG’ report, which highlighted that, in contrast to what proponents of a BIG claim, it would actually slow economic growth.
Bangladesh has become a lower middle-income country from a ‘bottom less basket’ in its journey in the last 50 years where the main hero were the labourers, economists said today.