The SRD Grant is paid to around nine million people residing in South Africa every month. It’s vital that you Be aware that Here is the only grant specifically intended to assist unemployed Older people living in the state.

It had been introduced again in 2020 to assist unemployed people who experienced small to no prospective clients of locating employment as a result of lockdowns. While it had been initially intended to support men and women to get a duration of a few months, its implementation has become prolonged on numerous instances.

The latest official extension of your SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of your R350 grant which was Formerly established to finish in March of 2024. The most recent extension implies that beneficiaries can accumulate their R350 grant until finally March 2025.

In the 2024 Budget speech, Godongwana announced that work was underway to improve the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these enhancements will probably be in The existing fiscal framework.

National Treasury will work Together with the Section of Social Development to ensure that advancements Within this grant are captured in the final Regulations … With the extension in the grant further than March 2025, the social safety policy reforms, along with the funding supply, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also delivered website with the implementation in the SRD grant following acquiring a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Therefore should really The federal government see suit, the implementation of the grant could well be prolonged right up until March 2027.

We have now witnessed the benefits of this grant and increase it and strengthen it as the following stage towards income aid for that unemployed.

Affect in the R350 Grant

Throughout the 2024 Point out with the Nation Address (SONA), President Cyril Ramaphosa praised the impression in the grant arguing that it does not only present individuals with what they need to endure but additionally serves being an financial commitment within their future.

From the midst in the pandemic, we released the SRD Grant which at the moment reaches some nine million unemployed men and women every month.

The president even more disputed that grants and social assistance recognized a society depending on government 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.