The SRD Grant is paid out to approximately 9 million people today residing in South Africa every month. It’s crucial to note that this is the only grant specifically intended to help unemployed Older people residing in the nation.
It absolutely was launched back in 2020 to aid unemployed people that experienced small to no prospective customers of discovering work because of lockdowns. When it was to begin with intended to guidance folks for a period of a few months, its implementation is prolonged on a number of instances.
The most recent official extension from the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension in the R350 grant which was Earlier set to end in March of 2024. The latest extension ensures that beneficiaries can gather their R350 grant right until 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 advancements will probably be in The existing fiscal framework.
National Treasury will work With all the Section of Social Development to ensure that improvements On this grant are captured in the final Regulations … For that extension with the grant further than March 2025, the social security policy reforms, together with the funding source, will probably be finalised.
Provisional allocations for 2025/26 and 2026/27 was also offered to the implementation on the SRD grant immediately after obtaining a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.
Consequently really should The federal government see healthy, the implementation on the grant can be extended until finally March 2027.
We've got observed the main advantages of this grant and prolong it and increase it as the following stage in the direction of income aid for that unemployed.
Affect in the R350 Grant
Throughout the 2024 Point out in the Nation Address (SONA), President Cyril Ramaphosa praised the effect of the grant arguing that it doesn't only supply people with what they have to survive but will check here also serves being an expense of their future.
While in the midst from the pandemic, we released the SRD Grant which presently reaches some nine million unemployed people today every month.
The president even further disputed that grants and social assist founded a Culture dependent on authorities 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.