[Basic Income Grant\Taylor Report2002]
Business Tech: “This is a result of the introduction of the Special Covid-19 SRD grant that has revived the discussion of the feasibility of a Basic Income Grant (BIG) as was recommended by the Taylor Report in 2002.”
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South Africa is considering the introduction of a basic income grant policy.
The Department of Social Development says that the introduction of the R350 Covid-19 Social Relief of Distress (SRD) grant has revived discussions of a basic income grant in South Africa.
Presenting in a parliamentary committee meeting on Wednesday (6 July), the department that the SRD Grant will be paid for six months, but the demand for income support for the unemployed and those who have lost their jobs will go beyond this period.
“To address this, the Department is working on policy proposal on the feasibility of income support to South Africans between the ages of 18-59 who have no income support.
“This is a result of the introduction of the Special Covid-19 SRD grant that has revived the discussion of the feasibility of a Basic Income Grant (BIG) as was recommended by the Taylor Report in 2002,” the department said.
The department did not comment on when it plans to introduce the grant or how much will be offered as part of financial packages.
For the rest of this Business Tech story log on to: https://businesstech.co.za/news/finance/414685/government-is-looking-at-a-new-basic-income-grant-for-south-africa/
