South Africa has nearly 19-million people who rely on social grants. File photo. Finance minister Enoch Godongwana has set aside R33.5bn to extend the social relief of distress grant (SRD) until 2025, but nothing beyond that period.
This is according to the National Treasury’s medium-term budget policy statement that was tabled by Godongwana in parliament on Wednesday.
The SRD grant, worth R350 per month for recipients, was introduced at the height of the Covid-19 lockdown in 2020 to cushion unemployed people who were not part of the social security net from adverse economic conditions.Godongwana announced the extension to end of March […]
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