Business wants basic grant for the poor

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Sverige Nyheter Nyheter

Topping up social grants by R500 would cost the state R9bn a month

Social grant beneficiaries queue in Sterkspruit in the Eastern Cape. Picture: DAILY DISPATCH

“The area of looking after people who are not in employment is very much on our radar. There is a discussion in Nedlac and communities feel this is an area that has not had proper attention. We have tabled a proposal in Nedlac. There is an affordability issue. This is a question for National Treasury to start answering,” Rob Legh, convener of the B4SA’s work on the labour market said.

Finance minister Tito Mboweni is expected to brief the media on Tuesday afternoon. Also under discussion between business and the Treasury was the prospect of a credit guarantee scheme, in which government would act as a backstop to companies that need to access credit to get back on their feet.

 

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