South Africa’s social distress relief grant (SRD) is likely to be extended for at least another year, says Intellidex analyst Peter Attard Montalto – and even though the government is reticent to say it, the grant is being viewed by the market as a permanent fixture in the budget going forward.
In a research note on Thursday (3 February), Attard Montalto said that the SRD grant will likely be the “largest single expenditure item” in the 2022 budget, coming in at around R45 billion for the year.
This is up from the annualised R39 billion in the current financial year, mainly […]
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