The SRD Grant is compensated to around 9 million individuals living in South Africa each month. It’s vital that you Observe that this is the only grant right meant to support unemployed Older people living in the place.

It absolutely was released back again in 2020 to help unemployed individuals that experienced minimal to no prospective customers of obtaining employment resulting from lockdowns. When it had been to begin with intended to help individuals to get a period of 3 months, its implementation has become extended on a number of instances.

The newest official extension of the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension of your R350 grant which was Earlier set to finish in March of 2024. The most recent extension ensures that beneficiaries can accumulate their R350 grant right up until March 2025.

Through 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 enhancements will be within just the current fiscal framework.

National Treasury will get the job done Using the Section of Social Development to make certain that advancements Within this grant are captured in the final Regulations … For that extension with the grant beyond March 2025, the website social protection plan reforms, together with the funding source, might be finalised.

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

Consequently need to The federal government see healthy, the implementation of your grant could well be prolonged until March 2027.

We have noticed the check here many benefits of this grant and increase it and improve it as the subsequent move in the direction of earnings support with the unemployed.

Effects on the R350 Grant

In the course of the 2024 State of your Nation Address (SONA), President Cyril Ramaphosa praised the effects on the grant arguing that it does not only present individuals with what they have to survive but also serves being an expense of their foreseeable future.

Within the midst of the pandemic, we launched the SRD Grant which currently reaches some 9 million unemployed people every month.

The president even further disputed that grants and social assistance proven a Modern society depending on authorities 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.