Simnikiwe Hlatshaneni
Premium Journalist
8 minute read
27 Jul 2021
4:56 pm

Beyond R350 grant: Universal basic income could benefit all of SA, but not without challenges

Simnikiwe Hlatshaneni

The proposed basic income grant of R585 for 18-59 year old unemployed people would require R158 billion in funding, but could have benefits.

People protest for the R350 grants outside Sassa office in Bellville, Cape Town, in April. Picture: Gallo Images

A universal basic income grant (UBIG) could serve the purpose of not only assisting those with no income at all, but also help push general wages and salaries upward. This according to the Institute for Economic Justice, who have joined a chorus of calls for the urgent implementation of a universal basic income grant, with the proposed amounts varying. The proposals are aimed at alleviating the growing inequality and giving the poor a fighting chance at becoming independently employed or finding a job. Stagnant salaries equal weaker buying power For decades south African salaries have remained stagnant, throughout bouts of...