The SRD Grant is paid to approximately nine million men and women living in South Africa each month. It’s crucial that you Observe that this is the only grant straight meant to aid unemployed Older people residing in the country.

It had been released back in 2020 to assist unemployed people that experienced little to no prospects of discovering employment because of lockdowns. Even though it was at first intended to help folks for any duration of a few months, its implementation continues to be prolonged on various situations.

The most recent Formal extension on the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of the R350 grant which was Formerly established to end in March of 2024. The latest extension ensures that beneficiaries can acquire their R350 grant right up until March 2025.

Throughout 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 might be within The present fiscal framework.

National Treasury will do the job With all the Division of Social Development to make certain advancements During this grant are captured in the final Regulations … For your extension with the grant past March 2025, the social stability policy reforms, together with the funding supply, might be finalised.

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

Because of this click here should really the government see fit, the implementation of the grant could well be prolonged till March 2027.

We now have found the benefits of this grant and lengthen it and strengthen it as the following move toward cash flow aid to the unemployed.

Affect on the R350 Grant

Through the 2024 State from the Country Tackle (SONA), President Cyril Ramaphosa praised the impact on the grant arguing that it doesn't only offer those with what they should endure and also serves as an financial investment within their potential.

From the midst with the pandemic, we introduced the SRD Grant which presently reaches some nine million unemployed men and women every month.

The president further click here more disputed that grants and social guidance proven a Modern society dependent on government guidance.

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.