South Africa: ‘BIG’ expectations for SONA speech

South Africa’s President Cyril Ramaphosa, facing an intra-party leadership contest in December, is set to use next week’s State of the Nation Address (SONA) as an opportunity to drum up support. From a fiscal policy perspective, even if the president shies away from a commitment to a basic income grant (BIG), this is likely to involve loosening the proverbial purse strings.

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