The SRD Grant is compensated to roughly nine million people residing in South Africa each month. It’s crucial that you Observe that This can be the only grant straight meant to support unemployed adults living in the state.

It had been launched back in 2020 to help unemployed individuals who had minimal to no prospective clients of discovering employment due to lockdowns. When it was to begin with intended to guidance individuals for a period of a few months, its implementation is prolonged on many instances.

The most recent Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of the R350 grant which was Beforehand established to end in March of 2024. The latest extension ensures that beneficiaries can collect their R350 grant until eventually March 2025.

Throughout 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 will probably be inside of The present fiscal framework.

National Treasury will do the job With all the Section of Social Development making sure that improvements in this grant are captured in the final Regulations … For that extension of your grant outside of March 2025, the social security plan reforms, together with the funding supply, will be finalised.

Provisional click here allocations for 2025/26 and 2026/27 was also furnished for your implementation on the SRD grant right after acquiring a budgetary allocation of R33.six billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

This means that should really The federal government see fit, the implementation in the grant might be extended until eventually March 2027.

We've got observed the benefits of this grant and extend it and improve it as another move to earnings assistance for the unemployed.

Effects of your R350 Grant

In the 2024 Condition from the Country Handle (SONA), President Cyril Ramaphosa praised the affect in the grant arguing that it doesn't only supply people with what they have to survive but will also serves as an expense of their foreseeable future.

In the midst with the pandemic, we introduced the SRD Grant which now reaches some 9 million unemployed men and women each month.

The president more disputed that grants and social support set up a Culture depending on federal government assistance.

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.