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The Department of Social Development (DSD) of South Africa is a government department responsible for providing social development, protection, and welfare services to the public. Previously called the Department of Welfare, it was renamed in July 2000. [1] The current Minister of Social Development is Sisisi Tolashe.
A sovereign wealth fund (SWF) is a fund owned by a state (or a political subdivision of a federal state) composed of financial assets such as stocks, bonds, property or other financial instruments. Sovereign wealth funds are entities that manage the national savings for the purposes of investment.
In 2019, an estimated 18 million people received some form of social grant provided by the government. [2] Social welfare programmes have a long history in South Africa. [3] The earliest form of social welfare programme in South Africa is the poor relief distributed by the Dutch East India Company and the Dutch Reformed Church (DRC) in 1657. [4]
The executive branch of the national government of South Africa is divided into the cabinet and the civil service, as in the Westminster system. Public administration, the day-to-day implementation of legislation and policy, is managed by government departments (including state agencies with department status), which are usually headed by permanent civil servants with the title of director ...
The South African Social Security Agency (SASSA) is a national agency of the South African government created in April 2005 to administer South Africa's social security system, including by distributing social grants, on behalf of the Department of Social Development (DSD).
The social impact bond is a non-tradeable version of social policy bonds, first conceived by Ronnie Horesh, a New Zealand economist, in 1988. [13] Since then, the idea of the social impact bond has been promoted and developed by a number of agencies and individuals in an attempt to address the paradox that investing in prevention of social and health problems saves the public sector money, but ...
In 2019, an estimated 18 million people received some form of social grant provided by the government. [13] Social welfare programmes have a long history in South Africa. [14] The earliest form of social welfare programme in South Africa is the poor relief distributed by the Dutch East India Company and the Dutch Reformed Church (DRC) in 1657. [15]
The Constitution of South Africa enshrines the many roles and powers of local and municipal government. South Africa is a developmental state, in the context that the social development is promoted through the state intervening in the economy. [4] Per section 152, this means that economic and social development relies heavily on municipalities.