Transcription of Social security - National Treasury
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Social security - National Treasury
6. Social security Improved economic performance and the strength of South Africa's finances have created room for further steps in Social security reform. Alongside expanding employment opportunities and targeted Social assistance, the period ahead will see consideration given to a contributory earnings-related savings and Social insurance framework, accompanied by a wage subsidy for those with incomes below the personal income tax threshold. Social assistance programmes currently provide income support to 11,8 million people. The South African Social security Agency is now operational, and improvements are in progress in the administration of the Unemployment Insurance Fund, the Compensation Funds and the Road Accident Fund.
Chapter 6: Social security 101 to rely strongly on social grants or remittances from other family members. Vulnerability to illness or disability, absence or irregularity
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