PwC predicts that Minister Godongwana will likely justify a VAT increase with the SRD grant.
SRD grant Image: istock
In his State of the Nation Address (Sona) last week, President Cyril Ramaphosa mentioned that government was working to ‘improve’ and ‘extend’ the Social Relief of Distress (SRD) grant.He did not mention how or in what way they would do this. South Africans are now waiting for the Minister of Finance, Enoch Godongwana to provide more detail on this in his Budget Speech later this month.The SRD grant was introduced during Covid-19 in 2020, with qualifying recipients receiving R350 monthly. […]
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