The SRD Grant is paid to approximately nine million folks living in South Africa every month. It’s crucial to note that Here is the only grant specifically intended to help unemployed Older people residing in the region.

It was released back again in 2020 to help unemployed individuals who experienced minimal to no prospective clients of obtaining employment due to lockdowns. When it was in the beginning intended to aid men and women to get a duration of three months, its implementation has actually been extended on various events.

The most up-to-date official extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of the R350 grant which was Earlier established to end in March of 2024. The latest extension ensures that beneficiaries can gather their R350 grant until March 2025.

In the course of 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 might be within The present fiscal framework.

National Treasury will get the job done with the Division of Social Development to ensure that advancements Within this grant are captured in the final Regulations … To the extension with the grant past March 2025, the social safety policy reforms, together with the funding supply, read more might be finalised.

Provisional allocations for 2025/26 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.

Consequently should really The federal government see in good shape, the implementation of your grant could well be prolonged right until March 2027.

We have seen some great benefits of this grant and lengthen it and boost it as the following stage towards income support with the unemployed.

Impression on the R350 Grant

In the course of the 2024 Point out of The Country Handle (SONA), President Cyril Ramaphosa praised the impression on the grant arguing that it does not only offer people with what they have to survive and also serves being an financial commitment of their long term.

In the midst of your pandemic, we launched the SRD Grant which presently reaches some 9 million unemployed people each month.

The president even further disputed R350 Grant that grants and social assistance recognized a Culture dependent on govt assistance.

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.