The SRD Grant is paid out to about nine million people today living in South Africa every month. It’s imperative that you note that This is actually the only grant specifically intended to guide unemployed Older people residing in the nation.

It absolutely was introduced back again in 2020 to help unemployed individuals who had minimal to no prospects of obtaining work resulting from lockdowns. Whilst it was initially intended to support individuals for just a duration of 3 months, its implementation is extended on quite a few situations.

The latest Formal extension with the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension from the R350 grant which was previously established to finish in March of 2024. The newest extension means that beneficiaries can collect their R350 grant right up until 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 improvements is going to be inside the current fiscal framework.

National Treasury will operate Together with the Office of Social Development to make certain that enhancements Within this grant are captured in the final Regulations … For the extension on the grant outside of March 2025, the social safety coverage reforms, together with the funding source, is going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also supplied with the implementation in the SRD grant after getting a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Consequently should the government see in shape, the implementation on the grant could be extended until eventually March 2027.

We have viewed the key benefits of this grant and increase it and increase it as the following step towards profits help to the unemployed.

Influence of your R350 Grant

In the 2024 Point out on the Nation Tackle (SONA), President Cyril Ramaphosa praised the effect of the grant arguing that it doesn't only offer those with what they should endure but will also serves as an expense in their future.

In the midst of the pandemic, we released the SRD Grant which at present reaches more info some nine million unemployed persons each month.

The president even further disputed that grants and social aid founded a Modern society depending on governing administration 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 our people and investing in their future as well.