First published by The Daily Vox on 1 December 2022.
A Universal Basic Income Guarantee (UBIG) is a commitment by government to ensure that everyone has a minimum level of income to meet their basic needs. This is done through a regular cash transfer or grant, that spurs development and promotes sustainable livelihoods. But the benefits of a UBIG are not just economic. A UBIG can benefit society by improving health and education outcomes, increasing social cohesion, and supporting gender equality.
Throughout this factsheet series, we present evidence to show that a UBIG can improve the lives of many millions in South Africa, but is not by itself a silver bullet. Maximising its impact requires a range of complementary interventions: amongst others, an appropriate macroeconomic framework that stimulates development; expansion of affordable, universally available public services; a coherent strategy for a just energy transition; and a well resourced high-impact industrial policy that promotes jobs rich economic diversification.
Other factsheets in the series include:
- Why does South Africa need a Universal Basic Income Guarantee?
- No one left behind: Why universal basic income makes more sense than targeted grants
- Jobs versus Grants: Are employment and basic income a policy trade off?
- How a UBIG can support healthier kids, happier adults, and lifelong learning
- How a UBIG can advance gender justice and social cohesion
- Not just a handout: How a UBIG gives people the power to prosper
- “But how will we pay for it?” Financing a UBIG