Marecia Damons

1 week ago | bizcommunity.com | Marecia Damons

More... 2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies Cabinet has not yet approved publication of the Department of Social Development’s (DSD) draft basic income support policy, Parliament’s portfolio committee for social development has noted.

2 weeks ago | groundup.org.za | Marecia Damons

Postbank has not applied for a full banking licence, but says it is legally allowed to issue cards under the National Payment System Act. The Black Card rollout was abruptly suspended in April following a chaotic transition from the SASSA Gold Card. The Reserve Bank said the temporary suspension of the Black Card rollout was to enable Postbank to “embed additional controls” for the Black Cards.

2 weeks ago | allafrica.com | Marecia Damons

Meanwhile the Department of Social Development will ask for another extension of the Social Relief of Distress grant, MPs told Cabinet has not yet approved the draft basic income support policy, citing concerns around affordability and the need to link the grant to economic opportunities. On Wednesday, the Department of Social Development briefed Parliament's portfolio committee, saying it will ask for another extension of the Social Relief of Distress grant in the meantime.

3 weeks ago | techfinancials.co.za | Marecia Damons |Gugu Lourie

Black Sash hosted a discussion this week on whether removing social grants in an economy with high unemployment would worsen poverty and hunger. Black Sash’s Rachel Bukasa and COSATU’s Tony Ehrenreich argued that grants are a vital safety net amid job scarcity, rejecting claims that they breed dependency. Political economist Phumlani Majozi raised concerns about the fiscal sustainability of the grant system and criticised government’s lack of clear plans for economic growth and job creation.

3 weeks ago | allafrica.com | Marecia Damons

Black Sash argues they are a vital safety net but economist questions their viability Black Sash hosted a discussion this week on whether removing social grants in an economy with high unemployment would worsen poverty and hunger. Black Sash's Rachel Bukasa and COSATU's Tony Ehrenreich argued that grants are a vital safety net amid job scarcity, rejecting claims that they breed dependency.