The SRD Grant is compensated to around nine million persons living in South Africa every month. It’s important to Observe that Here is the only grant directly meant to guide unemployed Older people residing in the nation.

It absolutely was introduced back again in 2020 to assist unemployed people who experienced tiny to no prospective customers of acquiring employment because of lockdowns. While it had been to begin with meant to assistance people today for your period of a few months, its implementation has been extended on a number of events.

The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of the R350 grant which was previously set to end in March of 2024. The newest extension signifies that beneficiaries can accumulate their R350 grant until 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 enhancements will probably be within The present fiscal framework.

National Treasury will do the job Along with the Section of Social Development making sure that enhancements in this grant are captured in the final Regulations … For your extension of your grant further than March 2025, the social safety coverage reforms, along with the funding source, are going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also delivered for your implementation of the SRD grant after acquiring a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Which means should really the government see suit, the implementation with the grant will here be prolonged right up until March 2027.

We've witnessed the main advantages of this grant and lengthen it and boost it as another move towards cash flow guidance with the unemployed.

Effects of your R350 Grant

Throughout the 2024 State of The Country Handle (SONA), President Cyril Ramaphosa praised the impression of your grant arguing that it doesn't only present those with what they should endure but additionally serves as an expenditure inside their long run.

In the midst of the pandemic, we introduced the SRD Grant which currently reaches some nine million unemployed people today every month.

The president even more disputed that grants and social assist set up a society depending on government aid.

These grants and subsidies do much more than give people what they need to live, they are an investment in the future. Many people website 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.