The SRD Grant is paid out to around nine million men and women living in South Africa every month. It’s vital that you Be aware that this is the only grant directly intended to assist unemployed Older people residing in the region.

It was released back again in 2020 to assist unemployed people who experienced minor to no potential clients of locating employment as a consequence of lockdowns. When it was initially meant to assistance men and women to get a period of a few months, its implementation has long been prolonged on a number of situations.

The most recent Formal extension in the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension on the R350 grant which was Formerly set to finish in March of 2024. The newest extension signifies that beneficiaries can obtain their R350 grant right up until 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 improvements is going to be in website just the current fiscal framework.

National Treasury will function Using the Office of Social Development making sure that improvements In this particular grant are captured in the final Regulations … For that extension on the grant outside of March 2025, the social safety policy reforms, together with the check here funding supply, is going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished for that implementation with the SRD grant immediately after obtaining a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Therefore should The federal government see healthy, the implementation on the grant will be prolonged until March 2027.

We've viewed the key benefits of this grant and lengthen it and make improvements to it as the next phase towards cash flow support for that unemployed.

Influence with the R350 Grant

In the 2024 Condition of your Country Deal with (SONA), President Cyril Ramaphosa praised the effect from the grant arguing that it doesn't only present individuals with what they need to endure and also serves as an investment decision in their upcoming.

From the midst on the pandemic, we introduced the SRD Grant which now reaches some nine million unemployed individuals each month.

The president more disputed that grants and social support recognized a Culture depending on federal government 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.