On Wednesday afternoon, the Finance Minister announced whether the SRD grant will continue or be converted. The grant has brought relief to millions of vulnerable South Africans.
With the Covid-19 pandemic affecting millions negatively, government then introduced the Social Relief of Distress (SRD) grant to assist vulnerable South Africans with no alternate sources of income.
Wednesday afternoon saw Finance Minister, Enoch Godongwana, deliver the Medium Term Budget Policy Statement. The Minister revealed that the SRD grant would be extended for another year, with the grant now coming to an end in March 2025.
R34 billion will be allocated to cover the extension of the R350 grant.
Godongwana said that government is set to finalise the comprehensive review of social grants.