Sovereign Wealth Fund: Key to SADC Basic Income Grant
By Thabileng Mothabi
Despite the numerous false starts, sovereign wealth funds are particularly relevant to Southern Africa as resource-funded SWFs present a potentially viable strategy for the funding and implementation of a Basic Income Grant (BIG) at a SADC level. A BIG is best understood as an unconditional and universal cash transfer or grant available to all residents, thereby purposely avoiding means-testing with its implicit stigmatizing notion of ‘deserving’ poor.
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