The SRD Grant is paid out to approximately nine million individuals living in South Africa each month. It’s essential to Observe that This can be the only grant right intended to assist unemployed Older people living in the nation.

It absolutely was launched back in 2020 to aid unemployed folks who had little to no potential clients of locating work because of lockdowns. While it absolutely was to begin with intended to guidance folks to get a duration of a few months, its implementation has actually been extended on various occasions.

The newest Formal extension in the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension of the R350 grant which was Beforehand set to end in March of 2024. The newest extension means that beneficiaries can acquire their R350 grant until eventually 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 advancements will probably be within just The existing fiscal framework.

National Treasury will work Together with the Office of Social Development in order that improvements On this grant are captured in the more info final Regulations … For that extension of your grant beyond March 2025, the social safety coverage reforms, along with the funding resource, is going to be finalised.

Provisional allocations for 2025/26 more info and 2026/27 was also provided for your implementation in the SRD grant soon after obtaining a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Therefore should The federal government see fit, the implementation of the grant could be extended until March 2027.

We've noticed the benefits of this grant and extend it and improve it as the following step towards income support with the unemployed.

Impact of The R350 Grant

During the 2024 Point out with the Nation Handle (SONA), President Cyril Ramaphosa praised the effect of the grant arguing that it doesn't only give people with what they have to endure but additionally serves being an financial commitment of their long run.

Inside the midst on the pandemic, we launched the SRD Grant which at this time reaches some nine million unemployed men and women every month.

The president more disputed that grants and social assistance founded a Culture depending on federal government 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.