The SRD Grant is paid out to around nine million individuals living in South Africa each month. It’s crucial that you Be aware that this is the only grant instantly meant to help unemployed Older people living in the country.

It absolutely was launched again in 2020 to help unemployed individuals who experienced minor to no prospects of acquiring employment as a consequence of lockdowns. Whilst it absolutely was originally meant to assist people for your period of 3 months, its implementation continues to be prolonged on several events.

The most up-to-date official extension on the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension on the R350 grant which was Beforehand set to end in March of 2024. The newest extension means that beneficiaries can acquire their R350 grant until 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 will likely be within just The existing fiscal framework.

National Treasury will work Together with the Section of Social Development to ensure that improvements On this grant are captured in the final Regulations … To the extension with the grant further than March 2025, the social security policy reforms, together with the funding source, will probably be finalised.

Provisional allocations for 2025/26 and 2026/27 was also offered to the implementation on the SRD grant soon after obtaining a budgetary allocation of R33.six billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Because of this need to the government see suit, the implementation in the grant will be extended till March 2027.

We've seen some great benefits of this grant and lengthen it and boost it as the next move to profits assist for your unemployed.

Influence of your R350 Grant

Over the 2024 Condition from the Country Deal with (SONA), President Cyril Ramaphosa praised the influence of your grant arguing that it doesn't only offer those with what they should survive and also serves as an financial investment inside their long term.

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

The president further disputed that grants and social assist established a Culture depending on federal government 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 Sassa SRD our people and investing in their future as well.