The SRD Grant is paid to about nine million people today living in South Africa each month. It’s crucial that you note that This is actually the only grant instantly intended to aid unemployed Older people residing in the country.

It had been released again in 2020 to aid unemployed people that had very little to no prospective buyers of discovering employment on account of lockdowns. When it absolutely was in the beginning meant to guidance people today for a duration of a few months, its implementation has long been prolonged on many events.

The most recent Formal extension of your SRD grant was two November 2023 when Finance Minister, Enoch Godongwana introduced the extension from the R350 grant which was previously established to end in March of 2024. The most recent extension signifies that beneficiaries can acquire their R350 grant until eventually March 2025.

In the course of 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 advancements is going to be inside the current fiscal framework.

National Treasury will perform Using the Division of Social Development to make certain that enhancements During this grant are captured in the final Regulations … To the extension with the grant outside of March 2025, the social safety coverage reforms, along with the funding resource, will probably be finalised.

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

This means that must the government see suit, the implementation on the grant could well be extended right up until March 2027.

We've seen the key benefits of this grant and lengthen it and increase it as the following phase in the direction of revenue assistance for your unemployed.

Impact of your R350 Grant

In the 2024 website Condition in the Country Tackle (SONA), President Cyril Ramaphosa praised the influence of the grant arguing that it doesn't only offer those with what they should endure and also serves as an financial investment within their future.

From the midst from the pandemic, we launched the SRD Grant which currently reaches some 9 million unemployed people today every month.

The president even further disputed that grants and social support proven a Modern society depending on federal government aid.

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.