The SRD Grant is compensated to around nine million folks living in South Africa every month. It’s imperative that you Take note that Here is the only grant specifically intended to help unemployed Older people residing in the region.

It was released back again in 2020 to assist unemployed people who experienced tiny to no prospective clients of obtaining employment due to lockdowns. When it had been in the beginning intended to support persons for any duration of 3 months, its implementation has been prolonged on a number of situations.

The latest Formal extension of the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension on the R350 grant which was Formerly set to end in March of 2024. The newest extension implies that beneficiaries can obtain their R350 grant until eventually March 2025.

Through 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 likely be inside of The existing fiscal framework.

National Treasury will work Together with the Office of Social Development to SRD Grant make sure that enhancements With this grant are captured in the final Regulations … For the extension with the grant beyond March 2025, the social safety plan reforms, along with the funding source, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also presented for that implementation of your SRD grant after receiving a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Because of this must the government see in shape, the implementation with the grant might be prolonged until eventually March 2027.

We have now found the key benefits of this grant and lengthen it and boost it as the following stage towards income support with the unemployed.

Effects with the R350 Grant

Over the 2024 Condition from the Country Handle (SONA), President Cyril Ramaphosa praised the affect in the grant arguing that it does not only deliver individuals with what they should endure but will also serves as an Sassa SRD expense of their long run.

Inside the midst from the pandemic, we released the SRD Grant which at the moment reaches some 9 million unemployed persons every month.

The president further more disputed that grants and social assist established a Culture dependent on govt 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.