On Wednesday, Finance Minister Enoch Godongwana reaffirmed the planned increase in permanent SASSA grants.
The Official SASSA Grant Increases for 2024 are Listed Below.
On Wednesday, Godongwana addressed the parliament with his 2024 budget speech.
To improve access and keep up with inflation, permanent social grants are raised:
- Grants for the elderly
- Veterans of war
- Disabled, and care-dependent individuals will increase by R100.
This sum will be split into three categories: an increase of R50 to the foster care grant, an increase of R20 to the child support grant, and R90 effective in April and R10 effective in October.
THE SRD GRANT WILL BE IMPROVED BY APRIL “We recognize that the approximately 19 million South Africans who depend on these subsidies to survive are facing rising living expenses.
We have made the most progress in this area that the budget will allow. By April of this year, improvements to the COVID-19 Social Relief of Distress Grant will be made.
Furthermore, Godongwana stated that the Department of Social Development and the National Treasury will collaborate to guarantee that any enhancements made to this award are reflected in the final rules.
“These enhancements will fall within the current fiscal framework,” the extension will say. “CURRENT FISCAL FRAMEWORK”
“The funding source and social security policy reforms will be finalized in order to extend the grant beyond March 2025.”
May 2020 saw the introduction of the SRD Grant
The SRD award has been extended. It was first offered in May 2020 to assist low-income households during the pandemic’s peak.
President Cyril Ramaphosa announced earlier in 2022 that the grant would expire in March 2023, but it was later extended until March 2024.
According to President Cyril Ramaphosa’s announcement during this year’s State of the Nation Address (Sona), the Finance Minister is anticipated to announce an extension and potential increase on Wednesday, February 21.
All You Need to Know About the Increase
Ramaphosa stated that as they have observed the advantages of the R350 SRD grant since its inception, the grant would be expanded and enhanced.
We launched the special SRD Grant amid the pandemic, and it today helps about 9 million jobless individuals each month. Having observed the advantages of this award, we plan to expand and enhance it as the next phase of income support for jobless people.
“The things that these grants and subsidies provide are well beyond just the necessities for survival. They represent a future investment. It has been demonstrated that social support raises student enrollment and attendance, reduces dropout rates, and raises pass rates. More South Africans than ever before are living longer lives.
He stated.
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