SRD Grant Not Increased For 2024


Please share this article

Advertisement


Many were anticipating that the Finance Minister would make some big announcements during the 2024 Budget Speech. Here's what Minister Enoch Godongwana said about the SRD grant.


Advertisement i


Currently, the Sassa Social Relief of Distress (SRD) grant stands at R350 per month. During the State of the Nation (SONA) address, President Cyril Ramaphosa announced that the R350 grant would be extended and improved.

On Wednesday afternoon, Finance Minister Enoch Godongwana, took to the podium to deliver the 2024 Budget Speech. While many are hoping for a R350 grant increase, no announcement has been made, with Godongwana saying:

We have done as much as the fiscal envelope allows.

The Finance Minister went on to say that "work is currently underway to improve the COVID-19 Social Relief of Distress Grant by April this year ... these improvements will be in within the current fiscal framework".

National Treasury will work with the Department of Social Development in ensuring that improvements in this grant are captured in the final regulations ... For the extension of the grant beyond March 2025, the social security policy reforms, together with the funding source, will be finalised.

The SRD grant has received a budgetary allocation of R33.6 billion for 2024/25, with provisional allocations for 2025/26 and 2026/27. This means that should the government see fit, the implementation of the grant would be extended until March 2027.

Department Proposes Changes To The SRD Grant

Social Development Minister Lindiwe Zulu has proposed to make amendments to the Regulations relating to the Covid-19 Social Relief of Distress (SRD) grant. These amendments will see the implementation of the SRD grant, commonly referred to as the R350 grant, extended to 2025. 

To prevent and recover funds from irregular payments, the new regulations empower the agency to reclaim monies from individuals who were not eligible or who benefited improperly from the grant.

The amendments also address the issue of uncollected benefits. Beneficiaries who do not update their personal and banking details within 90 days of notification risk having their Sassa grant application cancelled and funds forfeited to the State. 

This provision emphasises the responsibility of applicants to ensure their contact information and banking details are current, facilitating the smooth processing and receipt of benefits.

For deceased beneficiaries, the grant will now only be paid until the end of the month in which the beneficiary died. This amendment was made to provide clarity and prevent undue payments.

A transitional provision has also been included to ensure uninterrupted assessments and payments. This means that Sassa may use data from the March 2024 assessment cycle for ongoing assessments until 31 May 2024 to ensure a seamless transition under the new regulations.

 

Suggested Article:

finance minister enoch godongwana

On Wednesday afternoon, Finance Minister Enoch Godongwana, took to the podium to deliver the 2024 Budget Speech. Godongwana revealed the Sassa grant increases for 2024.


Advertisement


WhatsApp Channel

Sponsored Ad

Advertisement

Advertisement

Google News

Post-Matric Options

 

We helped you with past papers for your matric exams, so hopefully you've now passed with good marks. So now you are faced with a lot of post-matric options that can shape your future paths. You might want to study law, teaching, or nursing. Of course studying is expensive so we have helpful advice about student loans, NSFAS bursaries, Fundi loans, ISFAP, and lots of other funding options.

These options range from pursuing higher education at universities , TVET Colleges or  private colleges, finding student accommodation, entering vocational training programs (like Learnerships and internships), joining the workforce, or even starting your own business. There are so many choices but we are here to help.

Advertisement


Latest SASSA articles

Millions of people are eligible for Social Relief of Distress (SRD) grant payments and submit R370 grant applications monthly. If they are approved, they will then start receiving SRD grant payments. 

Have you applied for the Sassa SRD grant and now your Sassa status is 'Identity Verification Fixed'? Here's what this means.

Where to Study


Advertisement m


Other Articles

Traxtion, one of Africa’s largest private freight rail companies, is offering bursaries to women between the ages of 18 and 35 who have been accepted to study but do not have the funds to pay for it.


Advertisement


Latest SASSA articles

Millions of people are eligible for Social Relief of Distress (SRD) grant payments and submit R370 grant applications monthly. If they are approved, they will then start receiving SRD grant payments. 

Have you applied for the Sassa SRD grant and now your Sassa status is 'Identity Verification Fixed'? Here's what this means.


Advertisement


Careers Advice

South Africa’s data science and analytics sector is experiencing a surge in demand as companies across various industries look to use the power of data to develop data-driven strategies and stay competitive. 
 


Advertisement i