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5 hours ago 1 min read Share with your network! Finance Minister Tito Mboweni says South Africa should focus on getting people to work so they don’t have to rely just on distress grants. The reinstatement of the R350 social relief grant has been extended to March next year. It’s part of a more than R38-billion support package to assist those whose finances have been affected by COVID-19 lockdowns and the recent riots. “We must also focus on the production side of the economy, on actively being involved in working for the grant,” Mboweni said. “There must be some work and this is the discipline that goes with work in society and not just grants here and there.
Company Snapshot Daybreaker - Daily A snapshot of the biggest breaking business stories, market indicators, access to portfolios, and more, by Fin24 deputy editor, Ahmed Areff. See all newsletters Voting Booth In light of the recent looting, do you think a basic income grant is the right approach to deal with SA’s hunger and poverty problems? Please select an option Oops! Something went wrong, please try again later. It will go a long way in helping fight the symptoms of SA’s entrenched inequality, especially for those who are starving right now SA’s problems are complex, and we instead need to spend that money on building and growing our economy, which will help the country in the long run
File image. NATIONAL NEWS - The temporary extension of the R350 Social Relief of Distress grant by another month will cost the South African fiscus R27 billion, the National Treasury has revealed. The Department revealed this during a press briefing in which it detailed the country’s Economic Support Package as a result of COVID restrictions and the recent riots in Gauteng and KwaZulu-Natal. The package was first announced by President Cyril Ramaphosa on Sunday. The SRD, which was first introduced in April last year, will now end in March 2022. “And really this responds to the dire situation in which most of our people have found themselves, said Finance Minister Tito Mboweni. “If you drive around the country or walk around the country, you are bound to notice the extreme poverty in which our people live.”
R36 billion relief set aside for unrest hit businesses defenceweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from defenceweb.co.za Daily Mail and Mail on Sunday newspapers.
Cosatu welcomes Mboweni's proposal on retirement fund access enca.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from enca.com Daily Mail and Mail on Sunday newspapers.
'Future policymakers' will have to decide on basic income grant - Mboweni news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.