The SRD Grant is compensated to around nine million people today residing in South Africa each month. It’s crucial that you Observe that Here is the only grant instantly meant to guide unemployed Older people residing in the place.

It had been introduced again in 2020 to aid unemployed individuals that experienced tiny to no potential customers of discovering work due to lockdowns. Though it had been at first meant to assist individuals for just a period of a few months, its implementation has become prolonged on many instances.

The latest official extension in the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension in the R350 grant which was previously established to end in March of 2024. The newest extension signifies that beneficiaries can accumulate 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 improvements is going to be within just the current fiscal framework.

National Treasury will do the job Together with the Section of Social Development to make certain enhancements On this grant are captured in the final Regulations … For the extension with the grant over and above March 2025, the social safety plan reforms, together with the funding source, are going to be finalised.

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

Consequently should really The federal government see in good shape, the implementation of your grant could well be prolonged right until March 2027.

We've got witnessed some great benefits of this grant and extend it and enhance it as the following step towards income aid here for that unemployed.

Affect in the R350 Grant

Throughout the 2024 Point out with the Country Address (SONA), President Cyril Ramaphosa praised the affect on the grant arguing that it doesn't only supply people with what they have to survive but also serves being an financial commitment within their future.

From the midst in the pandemic, we released the SRD Grant which at the moment reaches some nine million unemployed folks each month.

The president even further disputed that grants and social support set up a Modern society depending on governing administration 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.