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ANTHONY BUTLER: The big problem with BIGs: loan sharks and vampire firms love them

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Large social grants have become collateral for debt, a Black Sash report has shown, writes Anthony Butler

Social grants are not really a local government issue, even if the ANC manifesto celebrates 18-million social grants per month. The basic income grant has not been a central part of the election campaign for any party.

A recent report by consultancy Intellidex pointed to a failure by BIG advocates to deal with the implications of the tax increases necessary to fund it. But fiscal probity is unlikely to be the real reason for parties’ BIG-hesitancy during the campaign...

Source: Loan Digest (loandigest.net)

 

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