The SRD Grant is paid out to roughly 9 million individuals residing in South Africa every month. It’s important to Notice that Here is the only grant right meant to help unemployed Older people residing in the region.

It absolutely was introduced back in 2020 to help unemployed individuals that had tiny to no prospective clients of discovering employment as a consequence of lockdowns. Whilst it was originally intended to guidance people for just a period of 3 months, its implementation has been extended on various instances.

The most up-to-date Formal extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana announced the extension of the R350 grant which was Beforehand established to end in March of 2024. The most recent extension ensures that beneficiaries can accumulate their R350 grant until March 2025.

During 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 will probably be within The present fiscal framework.

National Treasury will perform with the Office of Social Development to make sure that improvements In this particular grant are captured in the final Regulations … For the extension with the grant past March 2025, the social protection plan reforms, together with the funding supply, will be finalised.

Provisional allocations for 2025/26 and 2026/27 check here was also furnished for your implementation with the SRD grant following receiving a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

This means that should really The federal government see match, the implementation with the grant might be prolonged till March 2027.

We have noticed the key benefits of this grant and lengthen more info it and increase it as the subsequent action to profits aid with the unemployed.

Effects of your R350 Grant

In the 2024 Condition with the Nation Deal with (SONA), President Cyril Ramaphosa praised the effect of the grant arguing that it doesn't only present those with what they have to endure and also serves as click here an expense of their foreseeable future.

Inside the midst of the pandemic, we released the SRD Grant which presently reaches some nine million unemployed folks each month.

The president additional disputed that grants and social guidance set up a Modern society depending on federal government aid.

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.