The SRD Grant is compensated to close to nine million men and women residing in South Africa each month. It’s crucial to Notice that This can be the only grant specifically meant to support unemployed Older people residing in the place.

It absolutely was launched back again in 2020 to assist unemployed people that had small to no prospects of finding work as a consequence of lockdowns. When it had been originally intended to support persons for the period of 3 months, its implementation is prolonged on many occasions.

The latest Formal extension of the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension in the R350 grant which was Beforehand set to end in March of 2024. The newest extension means that beneficiaries can acquire their R350 grant till March 2025.

Over 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 improvements might be in just the current fiscal framework.

National Treasury will perform Along with the Office of Social Development to make sure that improvements On this grant are captured in the final Regulations … To the extension on the grant over and read more above March 2025, the social safety policy reforms, together with the funding resource, will likely be finalised.

Provisional allocations for 2025/26 and 2026/27 was also offered for your implementation of the SRD grant after acquiring a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Therefore really should the government see fit, the implementation with the grant can be prolonged right up until March website 2027.

We've found the benefits of this grant and prolong it and enhance it as the subsequent step in direction of money help for that unemployed.

Impact in the R350 Grant

In the 2024 State from the Nation Handle (SONA), President Cyril Ramaphosa click here praised the impact of the grant arguing that it does not only supply individuals with what they should survive and also serves being an financial commitment of their upcoming.

During the midst of the pandemic, we released the SRD Grant which now reaches some nine million unemployed men and women every month.

The president additional disputed that grants and social support founded a Culture dependent on government guidance.

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.