FMF Newsletter - 11 August 2021

11 August 2021

Universal basic income grant, catastrophe loading  –  Riaan Salie

South Africa's economy lost R20bn and 150,000 jobs due to riots in KwaZulu-Natal and Gauteng. The spate of violence and looting has led to renewed calls for a Basic Income Grant (BIG) from advocacy groups. President Cyril Ramaphosa has responded by suggesting that his government is considering a BIG as it would show "that the government cared." Given that 11 million citizens survive on less than R27 a day, the calls for urgent solutions to poverty have become heightened.

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Khaya Lam (My Home)
The Khaya Lam (My Home) Land Reform Project facilitates the transfer of freehold title deeds. Home ownership and a tradeable title leads to greater economic activity and a revitalisation of our country’s economy. The Khaya Lam initiative has completed over 10,500 title deeds, and has funding for a further 23,500.

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