The SRD Grant is compensated to close to 9 million people today residing in South Africa every month. It’s crucial to note that Here is the only grant specifically intended to assist unemployed Older people living in the country.
It absolutely was launched back in 2020 to help unemployed people that experienced very little to no prospects of getting work because of lockdowns. Whilst it was to begin with intended to guidance individuals for just a period of a few months, its implementation is extended on various occasions.
The newest official extension from the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension from the R350 grant which was Earlier established to end in March of 2024. The latest extension ensures that beneficiaries can collect their R350 grant right until March 2025.
Throughout 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 will probably be in The existing fiscal framework.
National Treasury will work Together with the Section of Social Development to ensure that improvements In this particular grant are captured in the final Regulations … For that extension of your grant beyond March 2025, the social security policy reforms, together with the funding source, will likely be finalised.
Provisional allocations for 2025/26 and 2026/27 was also delivered with the implementation of your SRD grant after receiving a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.
This means that should the government see fit, the implementation of the grant would be prolonged right until March 2027.
Now we have found the key benefits of this grant and extend it and enhance it as the next move to profits assist for your unemployed.
Impact of your R350 Grant
Over the 2024 Condition from the Country Tackle (SONA), President Cyril Ramaphosa praised the influence of your grant arguing that it doesn't only supply people with what they should survive but will also serves as an expense of their foreseeable future.
Within the midst of your pandemic, we launched the SRD Grant which currently reaches some nine million unemployed people each month.
The president further disputed that grants and social guidance set up a Modern society dependent on govt assistance.
These grants and subsidies do much Sassa SRD 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.