SA spends more on social assistance than most countries globally, but this aid is still not available to a large share of the working-age members of its population, given unemployment benefits are available only to people who work in the formal sector
South Africa spends more on social assistance than most other countries globally, but this aid is still not available to a large share of the working-age members of its population, given unemployment benefits are available only to people who work in the formal sector.
Three compulsory contributory social security funds — the Unemployment Insurance Fund, the Compensation Fund and the Road Accident Fund — provide conditional income for eligible individuals. The World Bank said South Africa’s social assistance system was effective in providing support to the poorest segments of the population and that grants, at the very , reduced the depth of poverty and inequality.
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