Intellidex’s Head of Capital Market Research, Peter Attard Montalto, appeared on CNBC Africa‘s ‘Closing Bell‘ with Tania Habimana to share his views on the Basic income grant – ahead of the Finance Minister Enoch Godongwana’s much anticipated budget speech.

“The key thing is no one is against more social security given South Africa’s inequalities and the poverty that exists. The affordability question is the balance of paying money to people vs spending more on healthcare vs spending more on municipalities to create spaces for SMME development and the informal sector etc. It is the balance of those different issues really where the affordability question is most biting and where I have been a more sceptical voice on the path towards a basic income grant.”