The SRD Grant is paid to around nine million men and women living in South Africa every month. It’s crucial that you Observe that This can be the only grant immediately intended to assist unemployed Older people living in the country.

It absolutely was launched again in 2020 to help unemployed people that experienced tiny to no prospects of acquiring employment as a consequence of lockdowns. Although it absolutely was initially intended to assist people for the duration of 3 months, its implementation has been prolonged on a number of events.

The most recent official extension in the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana announced the extension in the R350 grant which was Formerly set to finish in March of 2024. The latest extension implies that beneficiaries can acquire their R350 grant right up until March 2025.

In the 2024 Budget speech, Godongwana announced that work was underway to Enhance the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these improvements will be within just the current fiscal framework.

National Treasury will work While using the Department of Social Development to ensure that enhancements in this grant are captured in the final Regulations … To the extension with the grant past March 2025, the social safety coverage reforms, along with the funding resource, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also supplied for the implementation from the SRD grant soon after getting a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Which means that ought to the government see fit, the implementation of the grant would be prolonged right up until March 2027.

We've got noticed some great benefits read more of this grant and lengthen it and improve it as the subsequent step to earnings help with the unemployed.

Effect with the R350 Grant

Through the 2024 Condition of your Country Address (SONA), President Cyril Ramaphosa praised the effect with the grant arguing that it doesn't only provide people with what they need to endure but additionally serves as an expenditure inside their foreseeable future.

From the midst on the pandemic, we launched click here the SRD Grant which at present reaches some 9 million Social Relief grant unemployed people today each month.

The president more disputed that grants and social assistance founded a Culture depending on federal government 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.