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South Africa boosts social grants by R8.2bn over three years amid rising costs and a VAT hike.
South Africa's Finance Minister announced a 5.9% increase in social grant spending, totaling R8.2bn over three years, to help the poor deal with rising costs.
This follows a VAT increase to 16%.
The government will spend R422bn on social development next year, rising to R452.6bn by 2028, benefiting an expected 19.3 million recipients by 2027/28.
The old age grant will increase by R130 to R2,315 starting April 1.
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Sudáfrica aumenta las subvenciones sociales en R8.200 millones de euros durante tres años en medio de un aumento de los costes y un aumento del IVA.