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Is SRD Grant Increased to r624 in 2024?

Contrary to circulating rumors, the South African government has not announced an immediate increase in the Social Relief of Distress (SRD) Grant to R624 for 2024.

The SRD grant, introduced during the COVID-19 pandemic to provide financial assistance to those affected by economic disruptions, currently stands at R350 per month.

Government’s Commitment to Supporting Vulnerable Groups

Although there is no confirmed increase to the R350 amount as of now, the government has allocated a substantial R33.6 billion from 2024 to 2025 to continue the SRD grant program. This funding demonstrates the government’s dedication to supporting individuals and families facing financial hardships.

The South African government is actively working on enhancing and extending the SRD grant. Adjustments are expected by May 2024, with the aim of covering more beneficiaries and providing more substantial financial assistance. However, the grant’s extension beyond March 2025 is contingent upon the completion of social security policy reforms and the acquisition of sustainable funding sources

SASSA Payment Increases for Other Vulnerable Grants

While the SRD grant amount remains unchanged for now, the government has announced grant increases for various other vulnerable groups, effective from April 2024. These increases are aimed at providing additional support to those in need and are expected to positively impact millions of South Africans:

Foster Care Grant

Beneficiaries of the Foster Care Grant will receive a R50 increase, bringing the total amount to R1,180 per month. This increase will directly benefit approximately 222,317 individuals caring for foster children.

Child Support Grant

The Child Support Grant will see a R20 increase, raising the total amount to R530 per month. This increase will positively impact over 13 million children and families across South Africa, helping to alleviate financial burdens associated with raising children.

Old Age Grant (>75 years)

Individuals over the age of 75 who receive the Old Age Grant will benefit from a R100 increase, bringing the total amount to R2,210 per month. This increase will provide additional support to nearly 4 million elderly individuals, recognizing their unique challenges and increasing costs of living.

Disability, Care Dependency, and War Veterans Grants

Other vulnerable groups, including those under 75 years of age, individuals with disabilities, those with care dependencies, and war veterans, will also receive significant increases to their respective grants. The specific amounts for these increases have not been disclosed, but they are expected to provide substantial relief to these marginalized communities.

These grant increases reflect the government’s commitment to supporting the most vulnerable members of society and ensuring that they have access to the resources they need to meet their basic needs and maintain a decent standard of living.

Social Security Strategy and Employment Initiatives

Recognizing the need for a comprehensive and sustainable approach, the government is developing a new social security strategy to address the long-term needs of vulnerable populations. Additionally, the government has allocated funds for employment schemes and initiatives aimed at fostering sustainable livelihoods and reducing reliance on social grants over time.

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