President Cyril Ramaphosa expected to extend R350 grant
President Cyril Ramaphosa is widely expected to extend the Social Relief of Distress Grant. He is likely to announce the extension during his State of the Nation Address.
The grant expires in March and calls for the introduction of a permanent Basic Income Grant have intensified.
Treasury says 46 percent of the population currently receives a social grant of some sort. Extending the R350 grant would cost the country R35-billion per year.
In other news – Inside Cassper Nyovest’s Billiato launch at Konka
South African rapper and businessman Cassper Nyovest launched his Billiato beverage brand at a highly attended launch party at Konka in Soweto.
Before its official launch, the Billiato brand had already made waves across South Africa, with millionaire and Royal FC AM chairperson Andile Mpisane once clearing the whole stock during a party at Konka Soweto. Learn more