sassa g 2023-2024

By | April 21, 2023

sassa g 2023-2024

sassa g 2023-2024

sassa g 2023-2024

The Social Relief of Distress (SRD) award has provided millions of South Africans affected by the Covid-19 pandemic with a lifeline. The most recent development is likely to please many prizewinners.

  • The eligible recipients of the R350 grant can take a sigh of relief now that the grant has been extended for an additional year.
  • During the first Medium Term Budget Policy Statement that was presented in Parliament on Wednesday, finance minister Enoch Godongwana made the announcement that the R350 grant would be extended. The grant will be accessible now through the end of March 2024.
  • The public authority’s choice to broaden the exceptional Coronavirus Social Alleviation of Misery grant by one year, until 31 Walk 2024, is the key element driving updates to spending plans in the medium term.
  • Godongwana made the observation that the decision was made despite the fact that the government is still debating how to replace the award and is currently taking into consideration alternative options.
  • Other social benefits like old-age and disability payments would rise at a slower rate than inflation if the SRD grant was kept in place.
  • Treasury predicts that the SRD grant will increase by at least 8.8% annually, putting public funds at risk and potentially costing R64.9 billion in the fiscal years 2030–31.
  • The Finance Minister asserts that the grant’s indefinite continuation will significantly impact the state’s financial stability in light of this estimate.
  • “I want to underscore that any permanent extension or replacement will need permanent increases in revenue, permanent reductions in spending elsewhere, or a mix of the two,” the speaker continued, despite the provision in this budget.

SOCIAL GRANTS

Visit the SRD website at

RELATED LINKS

Click here for more info on SASSA

Sassa Online Application

For more information on Sassa, click here

Leave a Reply

Your email address will not be published. Required fields are marked *