The SRD Grant is compensated to approximately 9 million men and women residing in South Africa every month. It’s imperative that you Take note that This can be the only grant specifically intended to assist unemployed Older people residing in the nation.
It was introduced again in 2020 to help unemployed individuals who experienced minor to no prospects of getting employment as a result of lockdowns. While it absolutely was at first meant to help people for your period of a few months, its implementation is prolonged on many occasions.
The newest official extension on the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana introduced the extension of your R350 grant which was Formerly established to finish 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 improvements is going to be in just the current fiscal framework.
National Treasury will operate While using the Division of Social Development making sure that advancements Within this grant are captured in the final Regulations … To the extension with the grant further than March 2025, the social protection coverage reforms, along with the funding resource, will be finalised.
Provisional allocations for 2025/26 and 2026/27 was also supplied to the implementation on the SRD grant immediately after acquiring a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.
Consequently really should the government see suit, the implementation on the grant could be extended until finally March 2027.
We've got witnessed the benefits of this grant and increase it and make improvements to it as another move website in the direction of money help for the unemployed.
Impact of your R350 Grant
In the 2024 Point out with the Country Deal with (SONA), President Cyril Ramaphosa praised the impact of more info your grant arguing that it doesn't only supply people with what they have to survive but additionally serves being an financial investment inside their potential.
Within the midst of your pandemic, we launched the SRD Grant which at the moment reaches some nine million unemployed people each month.
The president more disputed that grants and social support recognized a society depending on authorities aid.
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.