The SRD Grant is paid out to close to 9 million people today living in South Africa every month. It’s essential to Observe that This is actually the only grant straight intended to support unemployed Grown ups residing in the country.

It absolutely was launched back again in 2020 to help unemployed folks who experienced minimal to no prospective clients of getting work resulting from lockdowns. Though it had been originally meant to guidance people for just a duration of 3 months, its implementation has become extended on various situations.

The newest official extension with the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana introduced the extension on the R350 grant which was Formerly set to finish in March of 2024. The latest extension means that beneficiaries can collect their R350 grant right until March 2025.

Over 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 will probably be inside of The existing fiscal framework.

National Treasury will get the job done While using the Office of Social Development to ensure that enhancements With this grant are captured in the final Regulations … For your extension on the grant further than March 2025, the social protection plan reforms, together with the funding source, are going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also provided with the implementation of the SRD grant following acquiring a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Because of this should really the government see in good shape, the implementation on the grant would be prolonged right up until March 2027.

We've got found the benefits of this grant and extend it and boost it as the following stage toward earnings aid to the unemployed.

Impression of The R350 Grant

In the course of the 2024 State of your Nation Tackle (SONA), President Cyril Ramaphosa praised the effects in the grant arguing that it doesn't only offer click here individuals with what they should endure but will also serves being an investment decision in their potential.

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

The president further more disputed that grants and social support recognized a Culture 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.