The SRD Grant is compensated to somewhere around 9 million persons living in South Africa every month. It’s vital that you note that Here is the only grant specifically intended to assist unemployed Older people living in the country.

It had been introduced back again in 2020 to help unemployed those who had tiny to no potential customers of obtaining employment because of lockdowns. While it had been at first meant to guidance folks to get a duration of three months, its implementation has become extended on a number of instances.

The latest official extension of the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension of your R350 grant which was Formerly established to end in March of 2024. The newest extension means that beneficiaries can obtain their R350 grant until eventually March 2025.

Through 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 enhancements is going to be within The present fiscal framework.

National Treasury will get the job done Together with the Office of Social Development to make certain advancements Within this grant are captured in the final Regulations … For your extension from the grant outside of March 2025, the social stability plan reforms, together with the funding resource, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also supplied to the implementation with the SRD grant immediately after obtaining a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

This means that should The federal government see healthy, the implementation with the grant might be prolonged until eventually March 2027.

We now have observed the many benefits of this grant and extend it and make improvements to it as the subsequent stage in the direction of income support for that unemployed.

Effects on the R350 Grant

In the course of the 2024 Condition of The Country Address (SONA), President Cyril Ramaphosa praised the effects in the grant arguing that it doesn't only give people with what they have to survive but will also serves as an investment inside their long term.

While in the midst of your pandemic, we introduced the SRD Grant which at the moment reaches some nine million unemployed folks each month.

The president further disputed that grants and social assist established a Modern society dependent on authorities 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 website in our people and investing in their future as well.