Tutorial 4 - Consumer Theory Applications

Tutorial 4 - Consumer Theory Applications - Tutorial 4...

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(Chapter 5) Tutorial 4 - Consumer Theory Applications Child support grant could extend to 18-year-olds CAPE TOWN, SOUTH AFRICA Feb 11 2009 14:06 The child support grant could soon be extended to children up to the age of 18 after the emergence of "compelling new evidence", Manuel said on Wednesday. The monthly grant, raised in the 2009 budget to R240, was extended to children up to the age of 15 in January, but Manuel said the department was considering increasing the age after receiving evidence that the programme was significantly contributing to a reduction in child poverty. "Compelling evidence that the phasing-in of the child support grant has contributed significantly to reducing child poverty has emerged in recent research, and so consideration is being given, subject to affordability, to the extension of the child support grant to the age of 18," Manuel said. By mid-January about 8000 applications for the new grant were processed. It is expected that about 500 000 children will benefit from the extension. Manuel said certain conditions are being considered, such as those children who access the support grant must attend school. The household income threshold for the child support grant has been raised to R27 600 a year. Manuel said a further R13,2-billion will be added to the government's social grants programme in 2009 to help poor families in a vulnerable period. "Strengthening our social security safety net is critical during this period when many poor families are vulnerable," Manuel said. The 2009 Budget Review document says spending on social protection had increased from R72,3-billion in 2005/06 to R118,1-billion in 2009/10. From April the maximum value of the old age, disability and care dependency grants will rise by R50 to R1 010 a month. The foster care grant will increase to R680. Men will now be able to receive the old age grant from the age of 60. About 70 000 men accessed the old age grant when it was lowered to the age of 63 in July 2008. The government's social grants programme now covers about 13-million beneficiaries. The proposed extension of the social grants is likely to bring an additional two million beneficiaries into the system. The South African budget determines the allocation of funds to the various arms of government.
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Tutorial 4 - Consumer Theory Applications - Tutorial 4...

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