• Change of culture needed

    The right leadership will help SA shed its culture of violence, says Mandi Smallhorne.

  • 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

Loading...
See More

Social grant spending to swell

Feb 22 2012 16:12 Sapa

Related Articles

Sassa gets new social grant contractor

State grants net covers 15 million

Social grants now support 15.2m

State extends social security net

Social safety nets get more money

Social security reform on the cards

 

Cape Town - The number of South Africans receiving social grants will swell to 16.7 million over the next three years, according to the 2012/13 Budget, tabled in Parliament on Wednesday.

Spending on social grants will grow from R105 billion in 2012/13, to R122 billion in 2014/15, the 2012 Budget Review shows.

The document notes that "despite limited fiscal resources, government provides a safety net for nearly one-third of the population through the social grant programme... paying for largely free services at public health facilities and no-fee schools for 60 percent of learners".

By the end of last year, nearly 15.3 million people were eligible for social grants, compared to 2.5 million in 1998.

According to the document, the average value of the "social wage" for a family of four in 2012/13 will be about R3 940 a month.

Despite the rapid growth in the number of beneficiaries, however, spending on social grants would decline as a percentage of GDP - from 3.5 percent in 2011/12, to 3.2 percent by 2014/15.

This is because there were no major grant increases planned for the next three years, and economic growth was expected to outpace growth in the number of recipients.

The document notes employment is the most effective route out of poverty, and boosting long-term job creation remains an overriding objective of economic policy.

 
pravin gordhan  |  social grants  |  budget 2012

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
19 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Top 10 richest musicians of all time

Check out the gallery to find out who they are!

 
 

Luxury living

10 of the most expensive things that will leave your jaw hanging!
Seven of the most expensive children's toys ever made
5 millionaires turned murderers
The youngest billionaires in the world and how they made it

SABudget on Twitter

Twitter icon

Join the Fin24.com conversation by using SABudget every time you tweet.

Loading..

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...