The SRD Grant is paid out to around 9 million men and women living in South Africa every month. It’s vital that you Observe that This can be the only grant immediately meant to help unemployed Older people residing in the region.

It absolutely was introduced back again in 2020 to assist unemployed people that experienced little to no prospective customers of locating employment on account of lockdowns. Though it was to begin with intended to guidance people today for any duration of a few months, its implementation is extended on various instances.

The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of the R350 grant which was Formerly set to end in March of 2024. The most recent extension implies 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 advancements is going to be within The existing fiscal framework.

National Treasury will work with the Department of Social Development to make certain improvements Within this grant are captured in the final Regulations … For the extension with the grant further than March 2025, the social safety plan reforms, together with check here the funding resource, will probably be finalised.

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

Consequently should really the government see in shape, the implementation of the grant would be extended until eventually March 2027.

We've got witnessed the key benefits of this grant and increase it and boost it as the next action to money support with the unemployed.

Effect of The R350 Grant

Through the 2024 Point out of The Country Tackle (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it does not only give individuals with what they need to endure but in addition serves as an financial investment inside their future.

Within the midst of the pandemic, we released the SRD Grant which currently reaches some 9 million unemployed persons each month.

The president more disputed that grants and social aid proven a Modern society depending on authorities guidance.

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 check here in their future as well.