In the medium term the only reliable revenue source for the grant would be personal income tax or value-added tax, or a combination of both, Wits academic Michael Sachs says
In the medium term the only reliable revenue source for the grant would be personal income tax or VAT, or a combination of both, Wits academic Michael Sachs saysA basic income grant in SA would lead to a substantial reduction in poverty and hunger, but it is unlikely to directly result in an increase in economic growth and productivity, according to Wits University professor Michael Sachs.
He was a member of a panel of experts drawn together by the department of social development to discuss the issue as a possible replacement for the monthly R350 social relief of distress grant. Introduced in May after the outbreak of the coronavirus pandemic, the SRD helps about 9-million people but is scheduled to end in March 2022...If you have already registered or subscribed, please sign in to continue.
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