The SRD Grant is paid to approximately 9 million people residing in South Africa each month. It’s vital that you Be aware that This is actually the only grant straight meant to support unemployed Grownups residing in the state.

It had been introduced back again in 2020 to assist unemployed individuals that experienced minor to no prospects of acquiring employment due to lockdowns. When it was to begin with intended to guidance folks for a period of a few months, its implementation is prolonged on a number of situations.

The latest official extension of your SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of the R350 grant which was Earlier established to end in March of 2024. The newest extension means that beneficiaries can acquire their R350 grant till March 2025.

In the course of 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 function Together with the Office of Social Development to ensure that improvements On this grant are captured in the final Regulations … For that extension with the grant further than March 2025, the social security policy reforms, together with the funding source, will probably be finalised.

Provisional allocations for 2025/26 and 2026/27 was also offered to the implementation on the SRD grant immediately after obtaining a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Which means need to The federal government see in shape, the implementation on the grant can be extended until finally March 2027.

We've got noticed the main advantages of this grant and prolong it and increase it as the following stage towards income aid to more info the unemployed.

Influence with the R350 Grant

In the 2024 Point out of your Country Address (SONA), President Cyril Ramaphosa praised the effects with the grant arguing that it does not only provide those with what they should endure but will also serves being an financial investment inside their potential.

In the midst from the pandemic, we released the SRD Grant which now reaches some 9 million unemployed people each month.

The president further disputed that grants and social guidance set up a Modern society dependent on govt 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 in our people and investing in their future as well.