The SRD Grant is paid out to approximately nine million people residing in South Africa each month. It’s essential to Observe that this is the only grant directly meant to support unemployed Grownups living in the state.

It absolutely was launched back in 2020 to aid unemployed folks who had little to no prospective clients of obtaining employment due to lockdowns. When it had been initially meant to assistance people for just a period of a few months, its implementation is prolonged on many occasions.

The most recent Formal extension of the SRD grant was 2 November 2023 when Finance Minister, Enoch Godongwana introduced the extension of your R350 grant which was Earlier established to finish in March of 2024. The newest extension means that beneficiaries can acquire their R350 grant right until March 2025.

Throughout 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 is going to be in just the current fiscal framework.

National Treasury will perform Together with the Section of Social Development in order that improvements On this grant are captured in the final Regulations … To the extension on the grant outside of March 2025, the social stability policy reforms, together with the funding resource, will be finalised.

Provisional allocations for 2025/26 and 2026/27 was also presented for that implementation of your SRD grant after getting a budgetary allocation of R33.6 billion for 2024/25. Provisional allocations for 2025/26 and 2026/27.

Because of this need to The federal government see healthy, the implementation of your grant could well be prolonged right until March 2027.

We have seen the main advantages of this grant and prolong it and strengthen it as the subsequent action in direction of cash flow assist to the unemployed.

Effect from the R350 Grant

Throughout the 2024 Point out of your Country Deal with (SONA), President Cyril Ramaphosa praised the impact of get more info your grant arguing that it doesn't only supply people with what they have to endure but additionally serves being an financial investment inside their potential.

Within the midst of your pandemic, we get more info launched the SRD Grant which presently reaches some nine million unemployed men and women every month.

The president even further disputed that grants and social help established a Culture dependent on governing administration help.

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.