The SRD Grant is compensated to around nine million persons residing in South Africa each month. It’s imperative that you note that this is the only grant straight meant to guide unemployed Older people residing in the place.

It had been introduced again in 2020 to help unemployed folks who had small to no prospective buyers of getting work resulting from lockdowns. Although it was to begin with meant to aid persons for the period of three months, its implementation has actually been prolonged on numerous instances.

The most recent Formal extension in the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of the R350 grant which was Earlier established to end in March of 2024. The latest extension signifies that beneficiaries can collect their R350 grant until eventually March 2025.

In the course of 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 are going to be within just The existing fiscal framework.

National Treasury will function With all the Division of Social Development to make certain that enhancements Within this grant are captured in the final Regulations … For your extension in the grant outside of March 2025, the social protection coverage reforms, together with the funding resource, might be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished to the implementation in the SRD grant following receiving a more info budgetary allocation of R33.six billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

This means that more info should really the government see healthy, the implementation in the grant would be prolonged until finally March 2027.

We have now witnessed the main advantages of this grant and extend it and make improvements to it as the following action towards cash flow support to the unemployed.

Effects from the R350 Grant

In the course of the 2024 Point out of The Nation Deal with (SONA), President Cyril Ramaphosa praised the affect with the grant arguing that it doesn't only provide people with what they need to survive but additionally serves as an expenditure inside their foreseeable future.

From the midst with the pandemic, we released the SRD Grant which at this time reaches some 9 million unemployed people each month.

The president even more disputed that grants and social help set up a society depending on federal government 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 get more info as well.