In 2020, South Africa, like many other countries, faced significant challenges due to the COVID-19 pandemic. To alleviate the hardships faced by its citizens, the government implemented a special grant known as the Social Relief of Distress (SRD) grant. This grant aimed to provide much-needed assistance to individuals and families impacted by the pandemic’s economic repercussions.
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2025 End Date for SASSA R370 SRD Grant
South African President Cyril Ramaphosa has announced that the SRD grant will continue to be available until March 2025. This decision comes as a relief for those who rely on this financial assistance. The news was also addressed by Finance Minister Enoch Godongwana during his budget speech.
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What Will Happen to the SRD Grant in the Future?
The government has set aside a lot of money (R33.6 billion) for the SRD grant this year. It also plans to keep giving out the grant for the next two years (2025/26 and 2026/27). But it’s not sure what will happen after 2025. This will depend on whether the government can find more money or if it needs to change its budget plans.
Also, the amount of money people get from the grant has increased slightly. It used to be R350 per month, but now it’s R370 per month. This is a small increase of 5.7%, but it’s important because it helps people deal with the rising cost of things.
Year |
Money People Get Each Month |
|---|---|
2024 |
R350 |
2025 |
R370 |
A New Idea: The Basic Income Grant (BIG)
The government is considering starting a new grant called the Basic Income Grant (BIG). This might replace the SRD grant in the future. The BIG could be a better way to help people without jobs or who don’t have enough money.
Here are some important things to know about the BIG:
- The government is still talking about how to start the BIG.
- They want to make sure BIG can work in other ways to help people without affecting the country’s money.
- Many different political groups and people in the public like the idea of the BIG.
- But starting the BIG would be a major change that could affect many things in the country. The government needs to think carefully about how to do this.
- If the BIG works out, it could be a good way to ensure that people without jobs or without enough money can get the help they need.
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