The SRD Grant is paid out to close to 9 million persons residing in South Africa every month. It’s vital that you note that Here is the only grant specifically intended to assist unemployed Older people living in the country.

It absolutely was launched again in 2020 to help unemployed individuals who experienced minor to no prospects of getting employment due to lockdowns. Though it had been in the beginning intended to aid men and women to get a duration of three months, its implementation has become prolonged on numerous instances.

The most recent Formal extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of your R350 grant which was Formerly established to finish in March of 2024. The most recent extension implies that beneficiaries can obtain their R350 grant right up until March 2025.

During the 2024 Budget speech, Godongwana announced that work was underway to improve the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these enhancements are going to be inside The present fiscal framework.

National Treasury will get the job done with the Division of Social Development making sure that advancements in this grant are captured in the final Regulations … For your extension in the grant outside of March 2025, the social protection plan reforms, along with the funding resource, is get more info going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished for that implementation of your SRD grant just after acquiring a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Therefore should The federal government see in good shape, the implementation of your grant could well be prolonged until eventually March 2027.

We have now viewed the benefits of this grant and increase it and make improvements to it as another action in direction of revenue assistance for the unemployed.

Effects with the R350 Grant

In the course of the 2024 State of your Country Deal with (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it does not only offer those with what they should endure and also serves as an investment inside their potential.

In the midst with the pandemic, we introduced the SRD Grant which now reaches some 9 million unemployed people today every month.

The president further more disputed that grants and social assist established a Culture 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.