The SRD Grant is paid out to around nine million individuals residing in South Africa each month. It’s essential to Notice that This is actually the only grant straight meant to assist unemployed Grown ups residing in the state.

It absolutely was released back again in 2020 to assist unemployed individuals that had small to no prospective buyers of finding employment because of lockdowns. When it was to begin with intended to aid folks for a period of a few months, its implementation is prolonged on numerous instances.

The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of the R350 grant which was previously established to finish in March of 2024. The most recent extension signifies that beneficiaries can collect their R350 grant until eventually March 2025.

In 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 enhancements is going to be inside of The present fiscal framework.

National Treasury will operate Together with the Office of Social Development to make sure that improvements in this grant are captured in the final Regulations … For the extension of Sassa grant your grant outside of March 2025, the social protection coverage reforms, together with the funding resource, are going to be finalised.

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

This means that really should the government see in good shape, the implementation from the grant could well be prolonged until finally March 2027.

Now we have seen the benefits of this grant and extend it and increase it as another step in the direction of revenue assist for that unemployed.

Impact of your R350 Grant

Through the 2024 Point out with the Nation Handle (SONA), President Cyril Ramaphosa praised the impression on the grant arguing that it does not only deliver individuals with what they need to endure but in addition serves as an investment within their long term.

During the midst on the pandemic, we introduced the SRD Grant which at this time reaches some 9 million unemployed people each month.

The president more disputed that grants and social support proven a society dependent on government assist.

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.