Ukuhlahlela indlela eya kwimali esiseko yenyanga nenyanga

The document presents three implementation pathways (low, medium, and high levels) for a UBIG in South Africa, arguing that such a grant would reduce poverty and stimulate economic growth. It details the fiscal impact, suggesting that while gross costs are high, net costs are lower due to VAT returns and proposed progressive taxes, including a social security tax and wealth taxes.

• The Institute for Economic Justice (IEJ) and Applied Development Research Solutions (ADRS) developed three pathways for UBIG implementation from 2023 to 2030, ranging from a low to a high level of grant value and coverage. All three models target individuals aged 18 to 59 without conditions.
• The implementation of UBIG is projected to improve South Africa's GDP growth from a baseline of 2.2% to between 2.8% and 3.5% by 2030, while reducing poverty levels to a third over the next eight years.
• The gross cost of providing a UBIG at the Food Poverty Line (FPL) of R624 per month is R255 billion annually, though actual costs are estimated between R153 billion and R204 billion because an estimated 20% to 40% of eligible people may not apply.
• Net costs for UBIG could be reduced to 50% of gross costs through a combination of VAT returns, a proposed social security tax (SST) that could cover 25% of costs, and other progressive taxes.
• Specific funding mechanisms to support UBIG include a 1% wealth tax on the wealthiest (estimated at R143 billion annually), a 25% luxury VAT (estimated at R9 billion annually), and a 0.1% Financial Transactions Tax (estimated at R41 billion annually).

APA

Institute for Economic Justice (2023). Ukuhlahlela indlela eya kwimali esiseko yenyanga nenyanga. https://iej.org.za/wp-content/uploads/2024/02/IEJ-UBIG-8-factsheet-isiXhosa.pdf

Chicago

Institute for Economic Justice. Ukuhlahlela indlela eya kwimali esiseko yenyanga nenyanga. 2023. https://iej.org.za/wp-content/uploads/2024/02/IEJ-UBIG-8-factsheet-isiXhosa.pdf.

Wikipedia

{{cite report |author=Institute for Economic Justice |title=Ukuhlahlela indlela eya kwimali esiseko yenyanga nenyanga |date=November 2023 |url=https://iej.org.za/wp-content/uploads/2024/02/IEJ-UBIG-8-factsheet-isiXhosa.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{instituteforeconomicjustice2023ukuhlahlela, author = {{Institute for Economic Justice}}, title = {{Ukuhlahlela indlela eya kwimali esiseko yenyanga nenyanga}}, institution = {Institute for Economic Justice}, year = {2023}, month = nov, url = {https://iej.org.za/wp-content/uploads/2024/02/IEJ-UBIG-8-factsheet-isiXhosa.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }