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Union Cosatu Welcomes R350 SRD Grant Extension But Calls for Increase to R624

SOUTH AFRICA
  • Congress of South Africa Trade Unions (Cosatu) has welcomed the government’s decision to lift the country’s national state of disaster and says the focus should now turn to providing permanent financial support to the country’s unemployed
  • "Extension of the R350 SRD Grant will provide welcome relief for more than 10 million unemployed persons receiving it. It needs to be made permanent and linked to the food poverty level of R624,”
  • Budget Justice Coalition has also called for the reformulation of grants in South Africa to meet the food poverty line, as well as the formal introduction of a basic income grant.
  • FinMin Godongwana said at the Feb budget that a basic income grant was unsustainable in keeping with SA's fiscal consolidation objectives but that the Treasury would consider various proposals for greater social support - BusinessTech
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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