William Saunderson-Meyer
3 minute read
31 Jul 2021
7:01 am

South African corporates are essentially captives

William Saunderson-Meyer

After all, there’s money to be made and ultimately the extra costs will be carried by the taxpayer and the consumer.

Picture: KoreaTimes/AP-Yonhap

With our turbulent history, South Africans are accustomed to periodically gaze into the abyss. And then, contrary to therational expectations of the rest of the world, the abyss doesn’t gaze implacably back. Instead, it blinks. We yawn, rub our eyes and life goes on pretty much as before. Following the upheaval, there were renewed and strident demands for a universal basic income grant. President Cyril Ramaphosa, after agreeably musing whether this was, indeed, not the moment to add a R200 billion straw to the camel’s back, decided instead on a social distress grant that will cost a mere R27 billion....