SOCIAL GRANTS: A country leaning on welfare – BusinessLIVE


Packaging group Nampak’s problems are many, and entrenched, putting even a 100c cash call price into question
The problem for South Africans, however, is that the state does not have the capacity, or interest, to manage Eskom, so the blackouts will continue
Asia has a taste for South African oranges, leading to award
As South Africans of modest means feel the pinch of the rising cost of living, foreign and local buyers have returned to the country’s high-end property market with a bang
We pick five notable new reads to entertain, edify and surprise you during your break from the office

Just under half of the SA population gets a grant from the government — a staggering figure that includes 10.5-million recipients of the Covid social relief of distress grant, which was introduced in 2020. The continuation of that R350 a month grant will add R44.4bn to the government’s spending in the 2022/2023 financial year.
Though this is a hefty top-up to the government’s social grant bill, by far the largest part of that bill continues to be the 18.4-million beneficiaries of other social grants — primarily old-age and child-support grants. It means that in all, spending on social grants in 2022/2023 will increase to an unprecedented R364.4bn, equivalent to 3.9% of GDP…
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
Already subscribed? Simply sign in below.
Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article?
Sign up (it’s quick and free) or sign in now.
Please read our Comment Policy before commenting.
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.
© 2022 Arena Holdings. All rights reserved.
Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy.


Leave a Reply

Your email address will not be published. Required fields are marked *