South Africa eagerly awaits news on the extension of the R370 Social Relief of Distress (SRD) grant, which is set to expire on March 31, 2025. An insider at Sassa revealed a 'strong possibility' of an extension, with a decision expected from the National Treasury by the end of January. The grant, introduced during the Covid-19 pandemic, provides crucial support for 8.5 million recipients facing financial hardship. Funding for the SRD grant beyond March 2025 remains unclear, with budgetary constraints and the need for new revenue streams being cited as key factors.
Sassa lifeline for the poor: Insider reveals decision on SRD grant extension can be expected by the end of January.
The R370 Social Relief of Distress grant is scheduled to expire on 31 March 2025 with its 8.5 million recipients facing a bleak financial future without this crucial safety net for their essential needs. In their reply, the source hinted at the “strong possibility” that the SRD could be extended beyond its March 2025 expiry date.Sassa, according to them, will be informed about National Treasury’s decision before the end of January as it would need to put the necessary systems in place for the seamless continuation of payments after March.2024 Medium Term Budget Policy Statement
“For the extension of the grant beyond March 2025, the social security policy reforms, together with the funding source, will be finalised.”, an independent support network for Financial Service Providers , it is expected that the amendments will reduce the number of people who will qualify for the grant.
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