The SRD Grant is paid out to somewhere around 9 million persons residing in South Africa every month. It’s vital that you note that This is actually the only grant instantly intended to aid unemployed Older people living in the nation.

It had been introduced back again in 2020 to aid unemployed those who experienced small to no prospects of obtaining employment because of lockdowns. Even though it absolutely was initially intended to aid men and women to get a period of a few months, its implementation continues to be extended on a number of occasions.

The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana announced the extension with the R350 grant which was Beforehand set to end in March of 2024. The most recent extension means that beneficiaries can obtain their R350 grant until finally 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 enhancements will probably be within just The present fiscal framework.

National Treasury will perform While using the Section of Social Development in order that advancements During this grant are captured in the final Regulations … For your extension of your grant past March 2025, the social security policy reforms, together with the funding resource, are going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also offered for the implementation in the SRD grant just after receiving a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Which means really should The federal government see in good shape, the implementation of your grant can be extended till March 2027.

We have found the main advantages of this grant and increase it and make improvements to it as another action toward money aid for that unemployed.

Effect from the R350 Grant

During the 2024 Point out from the Country Deal with (SONA), President Cyril Ramaphosa praised the effect in the grant arguing Social Relief grant that it does not only give individuals with what they should SRD Grant endure but additionally serves being an expenditure in their long run.

From the midst in the pandemic, we released the SRD Grant which at present reaches some nine million unemployed individuals every month.

The president more disputed that grants and social support recognized a Modern society dependent on govt 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.