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State unveils details of plan to introduce social security.
(From Business Day (South Africa))
Byline: Dave Marrs
State unveils details of plan to introduce social security Could include a hefty wage subsidy FINANCE Minister Trevor Manuel has put flesh on the bones of the new social security scheme, revealing plans for a mandatory, earnings-related scheme focused on helping low-income earners prepare for their retirement.
The scheme was first mentioned by President Thabo Mbeki two weeks ago in his state of the nation address to Parliament.
Government wants to have its bold and ambitious new scheme which could include a R30bn-a-year wage subsidy as well as death and disability benefits in place by …
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