SASSA R370 SRD Grant
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 SASSA R370 SRD Grant.This grant aimed to provide much-needed assistance to individuals and families impacted by the pandemic’s economic repercussions. Read more.
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 .
What Will Happen to the SRD Grant in the Future?
The government has set aside a significant amount of money (R33.6 billion) for the SRD grant this year. It also plans to continue the grant for the next two years (2025/26 and 2026/27). However, the future of the grant beyond 2025 remains uncertain. This will depend on the availability of additional funding or necessary adjustments in budget plans .
Additionally, the grant amount has increased from R350 to R370 per month, a small yet significant 5.7% rise, helping recipients cope with the increasing cost of living .
The Basic Income Grant (BIG)
The government is considering introducing a new grant called the Basic Income Grant (BIG), which might replace the SRD grant in the future. The BIG could provide a more sustainable way to support unemployed individuals or those with insufficient income .
Here are some key points about the BIG:
- The government is still discussing the implementation of the BIG.
- They aim to ensure that the BIG can work alongside other support mechanisms without negatively impacting the country’s finances .
- The idea of the BIG has garnered support from various political groups and the public.
Implementing the BIG would be a significant change requiring careful consideration of its potential impacts.
If successful, the BIG could effectively ensure that people without jobs or adequate income receive the necessary support .
FAQs
What is the SASSA R370 SRD Grant?
The SASSA R370 SRD Grant is a special grant introduced by the South African government to assist individuals and families impacted by the economic effects of the COVID-19 pandemic.
How long will the SRD Grant be available?
The SRD Grant will be available until March 2025, as announced by President Cyril Ramaphosa.
What is the Basic Income Grant (BIG)?
The Basic Income Grant (BIG) is a proposed new grant that could replace the SRD Grant, aimed at providing more sustainable support for unemployed individuals or those with insufficient income.
How much is the SRD Grant currently?
The SRD Grant amount has been increased from R350 to R370 per month.
What will happen to the SRD Grant after 2025?
The future of the SRD Grant beyond 2025 depends on the availability of additional funding or necessary adjustments in budget plans.