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The proposed Basic Income Grant in South Africa is the Trojan Horse for implementing the Central Bank Digital Currency

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The proposed Basic Income Grant in South Africa is the Tr...

Name: The proposed Basic Income Grant in South Africa is the Tr...
Uploaded: 2023-07-25T02:46:15
Duration: 9 min 22 s

Scott Balson

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Central Bank Digital Currency

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Political parties have thrown their support behind the planned move by the Department of Social Development to ask the Cabinet to extend the R350 social relief of distress (SRD) grant for another two years.

While they were wary of the grant being used for electioneering when it is extended after March 2024, some said it should be used as the foundation for the introduction of a Basic Income Grant (BIG), and they also called for growth in the economy and job creation.