The SRD Grant is compensated to somewhere around 9 million men and women living in South Africa every month. It’s imperative that you Take note that Here is the only grant specifically intended to help unemployed adults residing in the place.

It had been introduced again in 2020 to help unemployed people that had minimal to no potential clients of discovering work due to lockdowns. When it had been initially meant to assistance people today for the period of 3 months, its implementation continues to be prolonged on quite a few instances.

The latest Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana announced the extension in the R350 grant which was Formerly set to end in March of 2024. The newest extension implies that beneficiaries can obtain their R350 grant until finally March 2025.

Over the 2024 Budget speech, Godongwana announced that work was underway to Increase the COVID-19 Social Relief of Distress Grant by April 2024. The Minister indicated that these advancements is going to be in just The existing fiscal framework.

National Treasury will do the job Along with the Section of Social Development in order that improvements In this particular grant are captured in the final Regulations … For your extension with the grant over and above March 2025, the social security here policy reforms, together with the funding supply, might be finalised.

Provisional allocations for 2025/26 and 2026/27 was also supplied with the implementation of your SRD grant just after getting a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Consequently should really The federal government see fit, the implementation of the grant could be extended till March 2027.

We've observed the benefits of this grant and extend it and improve it as another move to money aid for that unemployed.

Affect in the R350 Grant

Through the 2024 State of The Country Tackle (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 of their long run.

Inside the midst from the pandemic, we released the SRD Grant which at the moment reaches some 9 million unemployed persons every month.

The president further more disputed that grants and social aid established a society dependent on government support.

These more info 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.