The SRD Grant is paid out to close to 9 million people residing in South Africa each month. It’s essential to Observe that This is actually the only grant immediately intended to assist unemployed Older people living in the nation.
It absolutely was launched back in 2020 to aid unemployed folks who had minor to no prospective buyers of acquiring employment because of lockdowns. Though it had been initially meant to assistance people today for the period of 3 months, its implementation continues to be prolonged on numerous instances.
The most recent Formal extension from the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension of your R350 grant which was Formerly established to end in March of 2024. The latest extension ensures that beneficiaries can acquire their R350 grant till March 2025.
Over 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 enhancements might be inside The present fiscal framework.
National Treasury will do the job Using the Section of Social Development to ensure that improvements In this website particular grant are captured in the final Regulations … With the extension of the grant past March 2025, the social protection plan reforms, along with the funding resource, will be finalised.
Provisional allocations for 2025/26 and 2026/27 was also offered to the implementation with the SRD grant just after receiving a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.
Which means that must the government see suit, the implementation on the grant can be extended till March 2027.
We've got get more info observed the many benefits of this grant and increase it and make improvements to it as another action toward cash flow assist to the unemployed.
Effect from the R350 Grant
Throughout the 2024 Point out with the Country Deal with (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it doesn't only supply people with what they have to survive but additionally serves as an expense of their foreseeable future.
Inside the midst of the pandemic, we released the SRD Grant which at present reaches some 9 million unemployed persons every month.
The president further more disputed that grants and social assist established a Modern society dependent on governing administration help.
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.