The SRD Grant is compensated to about 9 million individuals living in South Africa each month. It’s vital that you Notice that This can be the only grant right intended to aid unemployed Grownups living in the country.

It absolutely was launched back again in 2020 to assist unemployed individuals who experienced very little to no potential clients of locating employment due to lockdowns. When it had been initially meant to support persons for any duration of three months, its implementation has long been extended on various instances.

The most recent Formal extension with the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension with the R350 grant which was Beforehand set to finish in March of 2024. The newest extension means that beneficiaries can gather their R350 grant right until March 2025.

Through 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 enhancements are going to be in just the current fiscal framework.

National Treasury will function With all the Section of Social Development making sure that advancements During this grant are captured in the final Regulations … With the extension with the grant past March 2025, the social security plan reforms, along with the funding supply, will likely be finalised.

Provisional allocations for 2025/26 and 2026/27 R350 Grant was also offered to the implementation in the SRD grant following receiving a budgetary allocation of R33.six billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Because of check here this ought to The federal government see in shape, the implementation on the grant would be prolonged right up until March 2027.

We've got seen the many benefits of this grant and prolong it and enhance it as another move towards revenue help for your unemployed.

Effects from the R350 Grant

Over the 2024 Point out of your Nation Handle (SONA), President Cyril Ramaphosa praised get more info the effect of the grant arguing that it does not only present people with what they should endure but in addition serves being an investment within their future.

While in the midst of your pandemic, we introduced the SRD Grant which at the moment reaches some nine million unemployed people today each month.

The president further disputed that grants and social assist founded a society dependent on authorities assist.

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.