• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

ANC says welfare-grant extension non-negotiable

Simon Osuji by Simon Osuji
January 12, 2024
in Finance
0
ANC says welfare-grant extension non-negotiable
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The African National Congress, which is gearing up to contest elections later this year, said the extension of a monthly welfare grant is non-negotiable and the required funding must be allocated in the February budget.

The government first introduced a R350 temporary monthly stipend to cushion the vulnerable during the coronavirus pandemic and has since extended it several times. In November, Finance Minister Enoch Godongwana said funds would be made available to ensure it continues until at least the end of March 2025, but he stopped short of committing to funding a permanent income grant.

Read: Social relief grant faces scrutiny amid spending cuts

ADVERTISEMENT

CONTINUE READING BELOW

“Whether the ANC will then take a decision in terms of it becoming a basic income grant will come later,” Mmamoloko Kubayi, the party’s economic policy head, said in an interview in the eastern city of Mbombela on Friday. “For now, the extension” of the grant is non-negotiable because while it is relatively small, it has provided a lifeline to those living in poverty-stricken areas and has staved off malnutrition, she said.

The ANC, which is commemorating the 112th anniversary of its founding this week, has governed Africa’s most industrialized economy since White-minority rule ended in 1994. The upcoming election is poised to be the party’s toughest yet, with several opinion polls showing it risks losing its national majority.

The party won’t put undue pressure on Godongwana, but the budget has to reflect its priorities, according to Kubayi.

“We have never taken reckless decisions in election years. I don’t think we will start today,” she said. She called for an end to programs that were ineffective and failed to spend their budgetary allocations, adding that the money should instead be used for infrastructure and other initiatives that couldn’t afford cutbacks.

© 2024 Bloomberg



Source link

Related posts

Top 8 Fintech Startups in South Africa in 2026

Top 8 Fintech Startups in South Africa in 2026

February 6, 2026
Southern African FinTech Changes The Game in Financial Reconciliation

Southern African FinTech Changes The Game in Financial Reconciliation

February 3, 2026
Previous Post

Scientists show how shallow learning mechanism used by the brain can compete with deep learning

Next Post

Your Medical Data Is Code Blue

Next Post
Your Medical Data Is Code Blue

Your Medical Data Is Code Blue

Leave a Reply Cancel reply

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

RECOMMENDED NEWS

Odysseus Marks the First US Moon Landing in More Than 50 Years

Odysseus Marks the First US Moon Landing in More Than 50 Years

2 years ago
Access code: Evidence brings open source BI to technical data teams

Access code: Evidence brings open source BI to technical data teams

2 years ago
SWPC names preferred bidders for Hadda, Arana sewage treatment PPP projects in Makkah

SWPC names preferred bidders for Hadda, Arana sewage treatment PPP projects in Makkah

2 months ago
Elon Musk’s X To Launch Audio & Video Calls

Elon Musk’s X To Launch Audio & Video Calls

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.