Markets South Africa

South Africa: Economists concerned by Ramaphosa’s social grant increase

What counts most in the fight against poverty? Is this a short-term or a long-term solution? It is vital to remember that eradicating poverty in South Africa will necessitate a long-term solution, which may take time due to the fact that the bulk of the employable population lacks the necessary skills in today’s market.

At the same time, they are hungry and need to feed their families. South African President Cyril Ramaphosa plans to enhance the Basic Income Grant and expand social support for those in need, a move that detractors fear could harm the country’s economy.  LN24 SA correspondent Jackie Tieties with the report. Take a look

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