The SRD Grant is paid to approximately 9 million people residing in South Africa each month. It’s essential to Observe that This can be the only grant immediately intended to guide unemployed Older people living in the nation.
It absolutely was launched back in 2020 to aid unemployed folks who had small to no potential clients of locating employment as a consequence of lockdowns. When it was in the beginning intended to support persons for any duration of 3 months, its implementation has been prolonged on several situations.
The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension from the R350 grant which was Beforehand set to end in March of 2024. The newest extension implies that beneficiaries can accumulate their R350 grant until finally March 2025.
In the 2024 Budget speech, Godongwana announced that work was underway to improve the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these enhancements will be inside of The existing fiscal framework.
National Treasury will work Together with the Office of Social Development to make sure that enhancements With this grant are captured in the final Regulations … For the extension from the grant over and above March 2025, the social protection plan reforms, along with the funding resource, will probably be finalised.
Provisional allocations for 2025/26 and 2026/27 was also presented for that implementation of your SRD grant after receiving a budgetary allocation of R33.six billion for click here 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.
This means that ought to the government see match, the implementation in the grant will be extended until finally March 2027.
We now have witnessed the many benefits of this grant and increase it and make improvements to it as another action toward profits assist to the unemployed.
Effect from the R350 Grant
Throughout the 2024 Point out of your Country Deal with (SONA), President Cyril Ramaphosa praised the influence of your grant arguing that it doesn't only give people with what they have get more info to survive but additionally serves being an financial commitment inside their future.
While in the midst of your pandemic, we launched the SRD Grant which now reaches some 9 million unemployed persons every month.
The president even further disputed that grants and social support proven a Culture depending on government assist.
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.