The SRD Grant is paid to somewhere around 9 million men and women living in South Africa every month. It’s vital that you Be aware that this is the only grant instantly intended to assist unemployed Older people living in the country.

It absolutely was launched back in 2020 to help unemployed people that experienced minor to no prospects of acquiring employment due to lockdowns. When it was in the beginning intended to guidance individuals for just a period of a few months, its implementation continues to be prolonged on several situations.

The most up-to-date official extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension with the R350 grant which was previously set to finish in March of 2024. The newest extension implies that beneficiaries can accumulate their R350 grant till March 2025.

In the course of 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 improvements is going to be in just the current fiscal framework.

National Treasury will perform Along with the Office of Social Development to make certain that enhancements During this grant are captured in the final Regulations … For that extension of your grant beyond March 2025, the social security policy reforms, website together with the funding source, will likely be finalised.

Provisional allocations for 2025/26 and 2026/27 was also presented for that implementation with the SRD grant just after getting a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Consequently really should The federal government see fit, the implementation with the grant will be extended till March 2027.

We've noticed the main advantages of this grant and prolong it and increase it as the following step towards money guidance to the unemployed.

Effect of your R350 Grant

Throughout the 2024 State of The Country Handle (SONA), President Cyril Ramaphosa praised the impact of the grant arguing that it doesn't only provide people with what they should survive but additionally serves as an investment decision within their potential.

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

The president more disputed that grants and social assistance set up a Modern society dependent on governing administration guidance.

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.