SOCIAL SECURITY REFORM

SPSSR > FAQs > 11. What are the economic implications of the proposed reforms?

Question

11. What are the economic implications of the proposed reforms?  

Answer

The proposed social security reforms will improve income protection for workers and employers in the event of workplace injuries and accidents, thereby allowing enterprises to operate in a sustainable environment. Comprehensive social security will compliment employment creation and skills development initiaitives.
 
The reforms are likely to raise South Africa's level of household savings, which in turn will provide the country with more resources for investment in infrastructure, new industries and the creation of new jobs.
 
Attachments
Created at 3/1/2011 4:15 PM  by Sharvania Pillai 
Last modified at 3/1/2011 4:15 PM  by Sharvania Pillai 




Disclaimer