The SRD Grant is compensated to around nine million persons living in South Africa every month. It’s important to Notice that This can be the only grant right meant to support unemployed Older people residing in the country.
It was introduced back in 2020 to assist unemployed folks who experienced very little to no prospects of locating employment as a consequence of lockdowns. Though it absolutely was to begin with intended to help men and women for a duration of 3 months, its implementation has long been prolonged on numerous occasions.
The most up-to-date Formal extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of your R350 grant which was Formerly established to end in March of 2024. The newest extension signifies that beneficiaries can collect their R350 grant till March 2025.
In the 2024 Budget speech, Godongwana announced that work was underway to Enhance the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these advancements might be in The existing fiscal framework.
National Treasury will operate with the Section of Social Development to make certain advancements On this grant are captured in the final Regulations … With the extension on the grant beyond March 2025, the social safety coverage reforms, along with the funding resource, will likely be finalised.
Provisional allocations for 2025/26 and 2026/27 was also delivered for your implementation with the SRD grant after receiving a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.
Which means should The federal government see in shape, the Sassa SRD implementation on the grant could well be prolonged right until March 2027.
We have noticed the benefits of this grant and extend it and enhance it as the next move to income support with the unemployed.
Impact of your R350 Grant
Over the 2024 Condition from the Country Deal with (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it does not only offer those with what they need to endure but also serves being an expenditure in their long run.
Within the midst with the pandemic, we introduced the SRD Grant which at the moment reaches some nine million unemployed people every month.
The president further more disputed that grants and social help founded a society dependent on govt support.
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.