The SRD Grant is paid to around 9 million individuals living in South Africa every month. It’s imperative that you note that This can be the only grant right intended to help unemployed Grown ups living in the region.

It had been launched back in 2020 to help unemployed people who experienced little to no prospective customers of obtaining employment resulting from lockdowns. Although it was in the beginning meant to aid persons for the period of three months, its implementation has long been prolonged on various instances.

The newest official extension of your SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension on the R350 grant which was previously established to end in March of 2024. The latest extension ensures that beneficiaries can acquire their R350 grant until finally March 2025.

During the 2024 Budget speech, Godongwana announced that work was underway to Enhance the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these advancements will likely be in just the current fiscal framework.

National Treasury will get the job done Using the Office here of Social Development making sure that enhancements Within this grant are captured in the final Regulations … For the extension of the grant further than March 2025, the social safety coverage reforms, along with the funding resource, will probably be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished with the implementation from 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.

Which means that need to The federal government see healthy, here the implementation of your grant would be extended till March 2027.

We've got witnessed the advantages of this grant and extend it and enhance it as the following stage in direction of cash flow assist to the unemployed.

Affect on the R350 Grant

In the course of the 2024 Condition in the Nation Address (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it doesn't only present individuals with what they should survive but more info also serves being an financial commitment inside their potential.

Within the midst of the pandemic, we released the SRD Grant which at the moment reaches some 9 million unemployed people each month.

The president more disputed that grants and social assistance founded a Culture dependent on federal government 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.