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  • Econometrix Chief Economist says the only way a basic income grant at the Feb budget can be affordable is if all other grants are scrapped.
    • Notes that boosting issuance to pay for the scheme has been proven to be short-sighted and is unlikely to work over the longer-term.
    • Says the extension of the Covis-19 SRD grant for the year would cost 1% of GDP vs 5% on a basic income grant on top of all current grants. Another economist warned that that a 2% increase to personal income tax would be needed if Govt caves to a basic income grant
  • SA scientists are calling for an end to the state of disaster, saying that the focus needs to shift to continuing the vaccine rollout.
    • Also note that the policy has allowed politicians to act in irrational and unscientific ways, without any accountability or transparency – and this must come to an end
  • ANC says it is concerned by the impact of a protracted strike by employees over unpaid wages since October.
  • The party says it may experience delays as it tries to renew the mandates of its branches, regions and provinces ahead of the December elective conference.
    • The ANC’s goal is to renew mandates before the mid-year conference, but this is looking challenging
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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