The SRD Grant is compensated to somewhere around 9 million people residing in South Africa each month. It’s imperative that you Be aware that Here is the only grant straight intended to assist unemployed Older people residing in the region.

It absolutely was introduced back again in 2020 to assist unemployed folks who experienced tiny to no prospects of locating work as a result of lockdowns. When it absolutely was at first meant to support folks for your duration of a few months, its implementation has been extended on a number of events.

The most recent official extension in the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension in the R350 grant which was Formerly set to end in March of 2024. The newest extension ensures that beneficiaries can obtain their R350 grant until finally 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 might be inside The present fiscal framework.

National Treasury will get the job done Using the Division of Social Development in order that improvements in this grant are captured in the final Regulations … For the extension on the grant further than March 2025, the social stability plan reforms, together with the funding source, will probably be finalised.

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

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

We have now witnessed the benefits of this grant and increase it and make improvements to it as another click here action in direction of money guidance for your unemployed.

Impression in the R350 Grant

Through the 2024 Condition in the Nation Address (SONA), President Cyril Ramaphosa praised the impact on the grant arguing that it does not only provide those with what they need to endure and also serves as an investment inside their potential.

In the midst on the pandemic, we released the SRD Grant which currently reaches some 9 million unemployed people each month.

The president further disputed that grants and social guidance set up a Modern society dependent on govt assistance.

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.