The SRD Grant is paid to approximately nine million men and women residing in South Africa every month. It’s crucial that you Take note that Here is the only grant right intended to aid unemployed Grownups living in the country.

It absolutely was released again in 2020 to help unemployed folks who experienced tiny to no potential customers of discovering work because of lockdowns. While it was in the beginning intended to assist men and women to get a duration of 3 months, its implementation continues to be extended on quite a few events.

The most up-to-date official extension with the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana announced the extension of your R350 grant which was previously set to finish in March of 2024. The most recent extension means that beneficiaries can collect their R350 grant until finally March 2025.

Through 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 improvements will probably be within The present fiscal framework.

National Treasury will function While using the Section of Social Development to make certain that advancements Within this grant are captured in the final more info Regulations … For your extension from the grant outside of March read more 2025, the social stability coverage reforms, together with the funding resource, is going to be finalised.

Provisional allocations for 2025/26 and 2026/27 was also presented to the implementation of the SRD grant after obtaining a budgetary allocation of R33.6 billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Therefore really should the government see in good shape, the implementation with the grant will be prolonged right until March 2027.

We now have found the key benefits of this grant and extend it and make improvements to it as the following action towards revenue support to the unemployed.

Impact on the R350 Grant

Throughout the 2024 Condition with the Country Deal with (SONA), President Cyril Ramaphosa praised the affect of your grant arguing that it doesn't only supply individuals with what they have to endure but also serves as an financial commitment inside their future.

Inside the midst in the pandemic, we introduced the SRD Grant which at the moment reaches some nine million unemployed men and women every month.

The president even further disputed that grants and social guidance proven a society depending on govt help.

These grants and subsidies do much more than give people what they need to live, they are an investment R350 Grant 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.