A universal basic income would not appear on many lists of must-dos to revive small business after lockdown. Yet it has the potential to grow entrepreneurship beyond where we were before the devastation of Covid-19.
Social development minister Lindiwe Zulu announced on July 13 that the government was considering a basic income grant for everyone aged 18-59.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
A basic income is good for any business that makes things people actually want to buy.
Where will the money for this grant come from. Are we going to borrow again. Instead focus should be put creating jobs. Clearly the people in leadership are the wrong crowd
Are hard working taxpayers expected to fork out for this?