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flag South Africa boosts social grants by R8.2bn over three years amid rising costs and a VAT hike.

flag 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. flag This follows a VAT increase to 16%. flag 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. flag The old age grant will increase by R130 to R2,315 starting April 1.

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