The SRD Grant is compensated to somewhere around 9 million people living in South Africa every month. It’s essential to Be aware that This can be the only grant immediately intended to assist unemployed Older people residing in the place.

It had been introduced back in 2020 to assist unemployed individuals who experienced minimal to no prospective clients of obtaining employment due to lockdowns. Though it absolutely was originally intended to aid men and women for any duration of a few months, its implementation has actually been extended on quite a few events.

The latest Formal extension from the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension with the R350 grant which was Formerly established to finish in March of 2024. The most recent extension ensures that beneficiaries can gather their R350 grant until finally March 2025.

During 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 advancements will likely be inside of the current fiscal framework.

National Treasury will operate Along with the Office check here of Social Development to make sure that website advancements Within this grant are captured in the final Regulations … For your extension with the grant past March 2025, the social security plan reforms, along with the funding source, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also delivered for that implementation of the SRD grant right after obtaining a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Because get more info of this need to The federal government see fit, the implementation from the grant will be extended right until March 2027.

We have noticed the main advantages of this grant and increase it and improve it as the next step in direction of profits support for the unemployed.

Impact of The R350 Grant

During the 2024 Point out of The Nation Address (SONA), President Cyril Ramaphosa praised the effects of your grant arguing that it doesn't only give people with what they should endure but also serves as an financial investment in their long run.

Inside the midst of the pandemic, we introduced the SRD Grant which at this time reaches some 9 million unemployed men and women each month.

The president further more disputed that grants and social aid proven a Modern society dependent on authorities assistance.

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.