The SRD Grant is compensated to approximately 9 million men and women living in South Africa each month. It’s imperative that you Take note that Here is the only grant right meant to assist unemployed Grownups residing in the region.

It absolutely was launched back in 2020 to help unemployed people that had little to no prospective clients of obtaining employment because of lockdowns. When it was at first intended to support individuals for just a period of 3 months, its implementation is prolonged on numerous 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 Formerly established to finish in March of 2024. The most recent extension signifies that beneficiaries can obtain their R350 grant right up until March 2025.

During 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 enhancements are going to be inside The present fiscal framework.

National Treasury will get the job done with the Department of Social Development to make certain advancements During this grant are captured in the final Regulations … For the extension from the grant over and above March 2025, the social protection coverage reforms, along with the funding supply, might be finalised.

Provisional allocations for 2025/26 and 2026/27 was also provided for the implementation of the SRD grant following receiving a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for check here 2025/26 and 2026/27.

This means that should the government see fit, the implementation of the grant could well be prolonged until eventually March 2027.

We have now viewed the advantages of this grant and extend it and improve it as another action in direction of revenue assistance for the unemployed.

Impact of your R350 Grant

Over the 2024 Condition in the Nation Handle (SONA), President Cyril Ramaphosa praised the affect on the grant arguing that it does not only deliver individuals with what they need to survive but also serves as an investment decision of their long run.

While in the midst of the pandemic, we released the SRD Grant which presently reaches some nine million unemployed people today each month.

The president even further disputed that grants and social assistance recognized a society depending on government 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.