A basic income grant should form part of economic strategy for a depression
In his most recent address to the nation, President Cyril Ramaphosa failed to announce any new measures to counter the devastating effect of the lockdown on an economy that in 2020 could experience its largest annual decline since the Great Depression of 1929-1933. Depending on the length of the lockdown, SA could have a depression in 2020 with a GDP decline that is more than the 10.6% recorded in 1931 if there are no new stimulus measures...
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