Government’s plan to give basic income to everyone in South Africa – and it wants tax hikes to fund it

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Business Tech

The Department of Social Development has published a green paper on proposed social security and retirement forms for public comment.

One of the key proposals of the paper is the introduction of a Basic Income Grant (BIG), first mooted in 2002 as part of the Taylor Report.

At the time of the Taylor Report, the BIG was calculated on a per-person basis of R100 per month. A household with six people – the average for the South African population at the time – would have received R600 a month, which the government would pay to the person primarily responsible for childcare.

However, the green paper envisions the BIG working differently – implemented for working-age South Africans only, while maintaining the existing social grants for children, the elderly and people with disabilities.

To read more, click here.

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