The SRD Grant is paid to close to 9 million people living in South Africa each month. It’s important to note that Here is the only grant instantly meant to support unemployed Grown ups living in the country.

It absolutely was released back again in 2020 to assist unemployed people who experienced very little to no prospective customers of finding work as a consequence of lockdowns. When it had been at first meant to assist individuals for a duration of three months, its implementation has long been extended on several occasions.

The latest Formal extension from the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension of your R350 grant which was Formerly established to end in March of 2024. The newest extension means that beneficiaries can accumulate 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 advancements is going to be within The present fiscal framework.

National Treasury will do the job With all the Section of Social Development to make sure that enhancements During this grant are captured in the final Regulations … For your extension on the grant further here than March 2025, the social safety coverage reforms, along with the funding resource, will be finalised.

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

Therefore ought to the government see suit, the implementation on the grant might be prolonged until finally March 2027.

We now have viewed the advantages of this grant and lengthen it and boost it as the following phase in direction of cash flow help to the unemployed.

Effect from the R350 Grant

Through the 2024 State of The Country Tackle (SONA), President Cyril Ramaphosa praised the affect in the grant get more info arguing that it does not only provide those with what they should survive but also serves being an financial commitment inside their long term.

In the midst of your pandemic, we launched the SRD Grant which at present reaches some nine million unemployed persons every month.

The president further disputed that grants and social guidance set up a Modern society dependent on 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 get more info investing in their future as well.