Ramaphosa advisors divided over implementing basic income grant

A panel of economic advisors appointed by South African President Cyril Ramaphosa is divided over whether the country should implement a basic income grant to ease poverty in the world’s most unequal nation. A report by 11 of the about 18 advisors cautioning the president against implementing such a programme, saying it would be a “policy error” that would curb growth, was leaked last week.

On Saturday, Ramaphosa’s office acknowledged the leak of the initial report, saying it was being used to “support various agendas.” The advisors “hold a range of diverse and nuanced views” that are valued by the president, his office said. The Johannesburg-based Sunday Times newspaper earlier reported on the second document. South Africa, which at 3.

The Thomas Piketty-backed World Inequality Lab said in a study that inequality in the country hasn’t improved since the end of apartheid in 1994 and the richest 3,500 South African adults own more than the poorest 32 million people. The advisors who authored the report advocating additional welfare spending said it would increase consumer demand.

R350 covid relief project not a trial run for UBI? Where R350 buys you a day or 2 temporary relief then starve for the remaining 28 days...

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