Here’s When The SRD Grant Will End


Please share this article

Advertisement


Beneficiaries of the Sassa R350 grant who are curious as to when the grant will be stopped will be relieved to know that the agency has given its official response to the query. 


Advertisement


The South African Social Security Agency (Sassa) has urged beneficiaries to note that the R350 grant will remain in place until 31 March 2023.

However, 31 March marks the cut off date for applications. Sassa has also stated that if there are any outstanding payments, the beneficiary will still be paid for those outstanding months, but payments will only be before March 2023 and the prior period.

R44 billion has been allocated to serve 10.5 billion people through to the end of March 2023 by implementing the grant's third iteration. The distribution did not reach the 10.9 billion eligible recipients. 

In addition to this, the agency added more eligibility requirements for the R350 grant since the Public Finance Management Act (PFMA) mandates that it keep within the budgetary allocation. This included establishing a R350 means test cutoff for all candidates.

This was done by regularly examining each applicant's bank account to see if their monthly income was R350 or  above.

Because the Department of Social Development (DSD) had to negotiate with the banks to conduct these means tests and because banks always opt to safeguard their customers' funds, this evaluation was highly challenging.

Serious difficulties were encountered in the first three months, which caused a two-month delay in grant execution.

The grant's low uptake, which is lower than the budgeted amount, is the biggest issue. Unfortunately, despite the fact that there are more and more impoverished individuals in the communities, the unspent funds are to be returned to the National Treasury.
 








Advertisement


WhatsApp Channel

Sponsored Ad

Advertisement

Advertisement

Google News

Post-Matric Options

 

After completing your matric certificate exams, you are faced with a multitude of post-matric options that can shape your future paths.

These options range from pursuing higher education at universities or colleges, entering vocational training programs, joining the workforce, or even considering entrepreneurial ventures, each offering unique opportunities for personal and professional growth.

You've probably been contemplating the next chapter of your life all throughout the year asking yourself, 'what am I going to study after I finish completing my matric certificate exams?', 'am I going to study? What else can I do when I pass'? Well, we can help.

Advertisement


Where to Study


Advertisement


Other Articles

Despite all the bad economic news, there are a few brighter lights on the economic horizon. Mancosa's Dr Ridwaan Asmal points out that there may be some good news for South Africans in the last quarter of the year.


Advertisement


Latest SASSA articles

The South African Social Security Agency(Sassa) is still in the process of paying out the R350 grant to all qualifying applicants. However, if you are curious as to which grant payment collection methods Sassa currently has in place, then the following answer may be of interest to you. 

The President has confirmed that the SRD Grant is here to stay - and is going to be improved. So its still worth submitting an appeal if you were rejected unfairly for the R350 grant. Here is how the process you should follow and details on how long you can expect to wait. 


Advertisement


Careers Advice

If you recently matriculated but pursuing a tertiary education is not part of your future plans or perhaps you are not sure which path to pursue, then you might want to consider joining the South African Navy. The MSDS is the easiest way to enter the SA Navy.


Advertisement