SASSA has started the SRD grant as a temporary relief for the people who are affected by COVID-19 they lost their jobs during the pandemic. The SRD grant was started in 2020. Millions of people are dependent on the monthly benefit of the SASSA SRD grant as they have no other source of income. South African govt is facing challenges to manage the economy due to limited budget.
There is a conversation among the people of South Africa about whether the SRD grant will continue after March 2025 or not. We are going to explain each of the facts that why the misconception of SRD stopping in 2025 is circulated, it is true or not, let’s read complete details here.
Extension Of The Grant Until March 2025
President Cyril Ramaphosa during the SONA- State of the Nation Address has confirmed that the SRD grant will continue until March 2025. Even though the economy of South Africa is on recovery at a slow speed after the Covid -19. There are nearly 10 million people who are unemployed and dependent on the SRD grant. The South African govt will continue the grant to support the unemployed youth.
Also, Finance Minister Enoch Godongwana has stated that the SRD grant will continue until March 2025 and all of the vulnerable people will get this SRD support and we cop with the difficult time together.
Is There a Possibility for Another Extension of the SRD Grant?
The details of the 2024 budget have allocated R33.6 billion alone for the SRD grant. This budget amount is for two years, that is 2025 to 2026 and 2026 to 2027. So, the South African govt has the budget for the SRD grant for the next two years. However, the confirmation for the extension of the SASSA SRD grant is still up to March 2025. South African govt is finding new ways of earning to help all the people who need the SASSA grants.
We can not confirm whether the SASSA SRD grant will continue after March 2025 or not. SASSA has recently increased the amount of SRD grant by 5.7% and the net amount of the new SASSA SRD grant is R370 now. The people are getting earlier R350. Now, the increment of R20 is implemented for the SASSA SRD grant. The South African govt has increased the grant amount to help the people cope with the inflation and increase the price of commodities.
Will the Basic Income Grant replace the SRD Grant?
The South African govt is thinking over a new project- the Universal Basic Income Grant, its is UBIG Grant. It is speculated that the SASSA will replace the SRD with UBIG. Because SRD is the temporary solution for the unemployed people the South African govt is thinking of a permanent solution for the unemployed people. The UBIG is the sustainable and long-term plan of the govt for the unemployed people.
The South African govt has set several committees to plan the UBIG implementation program. We can hope that if SRD stops in the future, the govt will start providing UBIG to the eligible people. The people who are in need will always get help from the South African govt.
Many political groups in South Africa have supported the program of UBIG. Implementing the UBIG in South Africa is not an easy task, to plan all the financiers for the beneficiary and to lay the road map for the UBIG will be a challenging task for the govt. From the people’s perspective, they should not be worried about the grants, they will always get something from the govt.
FAQ
Is SRD will stop in 2025?
No, currently, there are no updates that SRD will stop in 2025.
What is the new grant that will replace SRD in 2025?
It is speculated that UBIG will replace SRD in the future. But it is not confirmed by the govt. So, don’t worry about the grant, all of the needy people will get full support from the South Africa govt.
What is the new value of the SASSA SRD grant?
SASSA has incremented the SRD grant with a new value of R370 per month.
How to contact SASSA?
You can visit the official website of SASSA and can contact them there or call on the toll-free number.
Can you apply for the SRD grant online?
Yes, the application forms for the SRD grant can be submitted on the official website of SASSA.