The SRD Grant is compensated to roughly 9 million persons living in South Africa every month. It’s important to Observe that this is the only grant specifically meant to support unemployed Older people residing in the nation.

It had been launched back again in 2020 to help unemployed individuals that experienced little to no potential customers of obtaining employment as a consequence of lockdowns. While it absolutely was to begin with intended to support individuals for just a duration of 3 months, its implementation is extended on many events.

The most up-to-date Formal extension of the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension in the R350 grant which was Beforehand set to end in March of 2024. The latest extension means that beneficiaries can gather their R350 grant until March 2025.

Over 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 will likely be within just The existing fiscal framework.

National Treasury will work Using the Division of Social Development to make certain enhancements On this grant are captured in the final Regulations … For your extension of the grant further than March 2025, the social protection policy reforms, along with the funding supply, will likely be finalised.

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

This means that really should The federal government see suit, the implementation with the grant could click here be extended right until March 2027.

We've got witnessed some great benefits of this grant and prolong it and make improvements to it as the next step in the direction of revenue assistance to the unemployed.

Influence from the R350 Grant

Throughout the 2024 State of your Nation Address (SONA), President Cyril Ramaphosa praised the effects with the grant arguing that it does not only deliver individuals with what they need to survive but additionally serves being an financial commitment in their long run.

Inside the midst of your pandemic, we introduced the SRD Grant which at the moment reaches some nine million unemployed individuals every month.

The president even further disputed that grants and social support set up a Culture dependent on govt 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.