The SRD Grant is paid to approximately 9 million persons residing in South Africa each month. It’s imperative that you Take note that this is the only grant immediately meant to guide unemployed adults residing in the state.

It had been launched back again in 2020 to help unemployed people who experienced minor to no prospects of getting work because of lockdowns. Though it was in the beginning meant to assist people today for any duration of three months, its implementation is prolonged on numerous situations.

The most recent official extension in the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana announced the extension on the R350 grant which was Earlier established to end in March of 2024. The most recent extension implies that beneficiaries can collect their R350 grant right until March 2025.

In the course of 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 advancements is going to be in The existing fiscal framework.

National Treasury will perform While using the Section of Social Development to make sure that advancements On this grant are captured in the final Regulations … With the extension in the grant further than March 2025, the social safety policy reforms, together with the funding supply, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished for your implementation with 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.

Because of this need to click here the government see in shape, the implementation with the grant could well be prolonged until eventually March 2027.

Now we have viewed the key benefits of this check here grant and prolong it and improve it as the subsequent action in direction of revenue support to the unemployed.

Affect in the R350 Grant

During the 2024 Condition of The Nation Address (SONA), President Cyril Ramaphosa praised the impact from the grant arguing check here that it does not only offer people with what they have to endure but also serves as an expenditure within their future.

During the midst of the pandemic, we launched the SRD Grant which now reaches some nine million unemployed men and women every month.

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