The SRD Grant is paid to close to 9 million persons living in South Africa every month. It’s crucial to note that Here is the only grant right intended to guide unemployed Grown ups living in the place.

It absolutely was launched again in 2020 to assist unemployed folks who experienced small to no potential clients of finding employment due to lockdowns. Even though it absolutely was originally meant to assistance people today for any duration of three months, its implementation is prolonged on quite a few events.

The most recent Formal extension with the SRD grant was two November 2023 when Finance Minister, Enoch Godongwana declared the extension in the R350 grant which was Earlier set to end in March of 2024. The most recent extension implies that beneficiaries can accumulate their R350 grant till March 2025.

Through 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 enhancements is going to be inside the current fiscal framework.

National Treasury will perform While using the Office of Social Development to make sure that enhancements In this particular grant are captured in the final Regulations … To the extension on the grant further than March 2025, the social safety plan reforms, together with the funding supply, is going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also furnished for that implementation with the SRD grant soon after getting a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Which means that ought to The federal government see in good shape, the implementation of the grant could well be extended right until March 2027.

We've found the many benefits of this grant and prolong it and make improvements to it as another action in direction of revenue assistance for the unemployed.

Effects with the R350 Grant

Over the 2024 Condition of The Country Deal with (SONA), President Cyril Ramaphosa praised the impact of your grant arguing that it does not only offer those with what here they should endure and also serves as an investment inside their foreseeable future.

Within the midst of the pandemic, we launched the SRD Grant which at present reaches some nine million unemployed persons every month.

The president further more disputed that grants and social assist established a Modern society 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.