The SRD Grant is paid out to roughly 9 million people today residing in South Africa every month. It’s important to Observe that This is actually the only grant straight meant to assist unemployed Grown ups living in the place.

It was released back again in 2020 to assist unemployed individuals that experienced minimal to no potential customers of finding employment on account of lockdowns. Though it absolutely was in the beginning meant to guidance people for a period of three months, its implementation continues to be extended on several occasions.

The latest Formal extension of your SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana declared the extension of the R350 grant which was Earlier set to end in March of 2024. The newest extension implies that beneficiaries can gather their R350 grant until finally March 2025.

Throughout 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 will probably be in just The present fiscal framework.

National Treasury will function with the Division of Social Development to make sure that advancements In this particular grant are captured in the final Regulations … With the extension from the grant outside of March 2025, the social stability policy reforms, together with the funding source, might be finalised.

Provisional allocations for 2025/26 and 2026/27 was also supplied for your implementation on the SRD grant just after acquiring a budgetary allocation of R33.six billion for 2024/twenty five. Provisional allocations for 2025/26 and 2026/27.

Because of this should the government see healthy, the implementation of your grant will be extended until eventually March 2027.

We have observed the advantages of this grant and lengthen it and strengthen it as another step towards revenue assistance to the unemployed.

Influence from the R350 Grant

Throughout the 2024 Point out with the Nation Tackle (SONA), President Cyril Ramaphosa praised the affect from the grant arguing that it doesn't only deliver individuals with what they need to endure and also serves as an investment of their foreseeable future.

Inside the midst of your pandemic, we launched the SRD Grant which presently reaches some nine million unemployed individuals each month.

The president further disputed that grants and social assist established a Culture depending on government assist.

These grants and subsidies do much more than give people what they need to live, get more info 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.