The SRD Grant is paid to close to 9 million people today residing in South Africa every month. It’s important to Take note that This can be the only grant specifically intended to assist unemployed Older people living in the country.
It absolutely was introduced again in 2020 to help unemployed individuals who experienced tiny to no prospects of acquiring employment due to lockdowns. When it was to begin with meant to assist people for your duration of three months, its implementation has actually been extended on various occasions.
The newest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension with the R350 grant which was previously set to end in March of 2024. The latest extension signifies that beneficiaries can obtain their R350 grant until finally March 2025.
In the 2024 Budget speech, Godongwana announced that work was underway to Increase the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these improvements will probably be in The present fiscal framework.
National Treasury will get the job done While using the Office of Social Development to make sure that improvements Within this grant are captured in check here the final Regulations … For your extension from the grant beyond March 2025, the social security plan reforms, along with the funding supply, is going to be finalised.
Provisional allocations for 2025/26 and 2026/27 was also furnished to the implementation in the SRD grant right after receiving a budgetary allocation of R33.six billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.
Which means that should The federal government see in shape, the implementation from the grant would be prolonged till March 2027.
Now we have viewed the main advantages of this grant and lengthen it and improve it as the subsequent step toward earnings aid for your unemployed.
Effects in the R350 Grant
In the 2024 State on the Country Address (SONA), President Cyril Ramaphosa praised the effect of your grant arguing that it does not Sassa grant only supply those with what they have to survive but additionally serves being an expense within their long run.
In the midst from the pandemic, we launched the SRD Grant which at the moment reaches some nine million unemployed persons each month.
The president further more disputed that grants and social support established a society dependent on government assistance.
These grants and subsidies do much more than give people what they need to live, they are an investment in the future. Many people tend to dismiss this and say we are establishing a dependent society, we are investing in our people and investing in their future as well.