{"id":546290,"date":"2021-12-13T12:07:21","date_gmt":"2021-12-13T10:07:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=546290"},"modified":"2021-12-13T12:07:21","modified_gmt":"2021-12-13T10:07:21","slug":"panel-recommends-basic-income-grant-for-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/546290\/panel-recommends-basic-income-grant-for-south-africa\/","title":{"rendered":"Panel recommends basic income grant for South Africa"},"content":{"rendered":"<p>A South African panel recommended the country gradually implement a basic income grant, beginning with the institutionalisation of a monthly welfare payment introduced last year to offset damage wrought by the coronavirus pandemic.<\/p>\n<p>&#8220;There is no alternative to a system of income support for income-compromised adults from the ages of 18-59 as a permanent part of the social protection framework,&#8221; Alex van den Heever, the chair of social security systems administration and management studies at the University of Witwatersrand and a member of the panel, said Monday.<\/p>\n<p>The panel was appointed by the Department of Social Development, the International Labor Organization and the United Nations-backed Joint Sustainable Development Goals Fund.<\/p>\n<p>The monthly welfare payment of R350 ($21.82), which was reintroduced after civil unrest in July, is set to end in March.<\/p>\n<p>Finance Minister Enoch Godongwana last month resisted calls by civil-society groups for increased welfare spending and for the introduction of a basic income grant &#8211; a policy business organizations say is unaffordable. The National Treasury has said it will only set aside additional funds for social relief if state finances improve by February.<\/p>\n<p>While about 18 million South Africans, or a third of the population, receive welfare payments, most of those come in the form of old-age pensions and child support payments.<\/p>\n<p>South Africa is the world\u2019s most unequal nation, according to the Thomas Piketty-backed World Inequality Lab.<\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/12\/Grant.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-546292 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/12\/Grant.jpg\" alt=\"\" width=\"814\" height=\"449\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/12\/Grant.jpg 814w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/12\/Grant-300x165.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/12\/Grant-768x424.jpg 768w\" sizes=\"auto, (max-width: 814px) 100vw, 814px\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/finance\/546204\/the-biggest-economic-risks-for-2022\/\" target=\"_blank\" rel=\"noopener\">The biggest economic risks for 2022<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A South African panel recommended the country gradually implement a basic income grant, beginning with the institutionalisation of a monthly welfare payment introduced last year to offset damage wrought by the coronavirus pandemic.<\/p>\n","protected":false},"author":59,"featured_media":467482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-546290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=546290"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546290\/revisions"}],"predecessor-version":[{"id":546302,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/546290\/revisions\/546302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/467482"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=546290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=546290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=546290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}