In a recent Public Address, the South African Minister of Finance confirmed the increase in the SRD Grant, which now leaps to R370 from R350, while the government has also extended this grant to the next year until April 2025.
The amendments in the SASSA SRD Amount will come into effect from April 2024, which means beneficiaries will start receiving SRD R370 from May 2024. Meanwhile, recipients should frequently Check SRD R370 Status to avoid delays in the amount’s collection.
In addition to increasing the SRD Grant Amount, the Government has also altered the eligibility standards and relevant regulations to this grant, including ease of contact changes, streamlined appeal options, and 24/7 assistance for applicants.
SASSA SRD New Grant Amount
With around nine million active beneficiaries, the SASSA Social Relief of Distress Grant is the leading Social Venture in South Africa. Historically, this grant was initiated on Presidential order in 2019 to aid South Africans affected by COVID-19.
As 2024 unfolds, the South African Government has buckled up to keep the SRD Grant in line with inflation and increased its amount from R350 to R370 in their Budget Review. Notably, the Treasury Department has allocated R33.6 billion For SRD Grant in 2024-25.
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In short, the South African Government is working dedicatedly to encounter increasing inflation inside the country, and the slight increase in SRD 350 to R370 is a glittering instance of this commitment.
Recipients of the SRD Grant will start receiving SRD R370 from June 2024.
In the meantime, the Finance Department of South Africa is holding talks with various Funding Sources to make further increases in SRD Grant for 2025-26.
