The Economics of Implementing a Universal Basic Income in South Africa
The Economics of Implementing a Universal Basic Income in South Africa
From Duma Gqubule’s paper on “The Economics of Implementing Universal Basic Income in South Africa” Noma Jakuja developed a policy brief. Thirty years into South Africa’s democracy the country has a 41.1% (Q4 2023) rate of unemployment with young black women disproportionally affected by unemployment. South Africa is the most unequal country in the world with a GINI coefficient of 0.61 (World Bank, 2024). One of the pillars used by the World Economic Forum in assessing global risk and growth is inclusiveness. Under this pillar, the provision of basic services and access to adequate social protection remain major drivers of inclusion (WEF, 2024). Upper middle-income economies have an average score of 54.8, exhibiting a somewhat stronger inclusive growth performance. South Africa has an inclusive score of 52.9. Location, race, gender, age, and parental status play a crucial role in South Africa’s overall inequality measures. This video is the recording of the "The Economics of Implementing a Universal Basic Income in South Africa" webinar organized by Social Policy Initiative (SPI).