The SRD Grant is paid out to somewhere around 9 million folks living in South Africa each month. It’s important to Take note that Here is the only grant directly meant to help unemployed adults residing in the place.

It had been introduced again in 2020 to help unemployed individuals who experienced very little to no potential clients of locating work as a consequence of lockdowns. Even though it was in the beginning intended to support persons for any duration of 3 months, its implementation has been prolonged on a number of instances.

The most recent Formal extension from the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension on the R350 grant which was previously established to end in March of 2024. The newest extension implies that beneficiaries can acquire their R350 grant until finally March 2025.

Through 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 is going to be in just the current fiscal framework.

National Treasury will do the job with the Office of Social Development to make certain enhancements On this grant are captured in the final Regulations … For that extension of your grant beyond March 2025, the social security policy reforms, together with the funding supply, might be finalised.

Provisional allocations for 2025/26 and 2026/27 was also provided for the 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 SRD Grant 2026/27.

Therefore should the government see fit, the implementation from the grant could be extended till March 2027.

We've got observed the many benefits of this grant and increase it and make improvements to it as the subsequent phase in direction of revenue help with the unemployed.

Impact from the R350 Grant

In the course of the 2024 State from the Nation Tackle (SONA), President Cyril Ramaphosa praised the effect of your grant arguing that it doesn't only supply people with what they have to endure but additionally serves as an financial investment inside their potential.

Within the midst of your pandemic, we launched the SRD Grant which presently reaches some nine million unemployed men and women every month.

The president even further disputed that grants and social Sassa SRD help established a Modern society dependent on governing administration help.

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.