The document confirmed that the state has not found a long-term solution to funding the R350 grant, which was introduced during the Covid-19 pandemic to provide relief to poor households while the country was under lockdown.President Cyril Ramaphosa hinted ahead of the MTBPS that the grant would be extended by saying it served as a lifeline to millions of South Africans.
The MTBPS makes plain that the state simply does not have the money to make that long-term commitment at the moment. “Since then, fiscal space has declined markedly, reducing the scope for extension without additional financing,” Wednesday’s medium-term statement said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Africa: Olympic Qualifier - Super Falcons Ready to Face Africa's Best Teams -The Super Falcons, nine-time African champions, will next meet the Indomitable Lionesses of Cameroon in the race after easing past Ethiopia with a 5-0 aggregate win.
Source: allafrica - 🏆 1. / 99 Read more »
R350 relief grant extended to 2025Finance minister Enoch Godongwana announced that the R350 social relief of distress grant will be extended for another year.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Social unrest warning for South Africa ahead of mid-term budgetIf Enoch Godongwana goes too far in tomorrow’s MTBPS, there could be disastrous consequences for South Africa.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
South Africa makes big copper pitch at home, in AfricaMajor players in South Africa are vying for copper mines across the continent, while local producers explore substantial unmined holdings at home.
Source: TheAfricaReport - 🏆 29. / 55 Read more »
Africa: Uganda to Host Africa Pension Conference, 14 Countries ExpectedThe Uganda Retirement Benefits Regulatory Authority (URBRA) will on November 27th - 28th host the 4th Annual Africa Pension Supervisors' Association (APSA) Conference at the Serena Kampala Hotel.
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: Iran's President Is Visiting South AfricaIranian President Ebrahim Raisi has already visited Kenya, Uganda and Zimbabwe to diversify the country's international relations. Tehran considers South Africa a potential strategic partner and is seeking close ties.
Source: allafrica - 🏆 1. / 99 Read more »