sassa r500 extended date 2024-2025
sassa r500 extended date 2024-2025
Social Relief of Distress (SRD) grants were introduced in May 2020 as a temporary solution for the most vulnerable people’s needs. The grant was quickly put into action and proved to be successful.
Fast forward to his 2022 medium-term budget speech, Finance Minister Enok Godongwana confirmed that the subsidies will be extended.
The medium-term changes to spending plans are driven mainly by the government’s decision to extend the special Covid-19 SRD grant by one year, until 31 March 2024.
- This is because Godongwana has taken various global and local risks into account, including rising inflation, tightening fiscal conditions, and the continued impact of Covid-19, including China’s tightening of lockdowns and impacts on global demand and supply chains. After the outline was done.
- As such, the budget for the next three years will be focused on restoring service delivery and laying the foundation for higher growth.
- Godongwana reiterated that a permanent extension or replacement of SRD grants would require a permanent increase in income, a reduction in spending elsewhere, or a combination of both.
The State Treasury estimates that Covid-19 SRD subsidies will rise by at least 8.8% annually, resulting in a cost of approximately R64.9 billion in the financial year 2030/31.
Since the grantee receives R350 a month, lobby groups continue to call for his SRD grant to be increased to R624, South Africa’s food poverty line.
It is reported that discussions are ongoing about the future of permanent SRD grants for eligible individuals.
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