Latest News On Sassa SRD Grant

In today’s Sassa News – The Sassa R350 grants are set to expire in March 2023. Millions of people will be set adrift without cash that they depend on. We need your help to protect them. The final payments of R350 will be made to millions of beneficiaries. But, the social development department has been working on a plan to make the grant permanent.

The Department of Social Development (DSD) is investigating ways to make the Social Relief of Distress (SRD) grant, commonly referred to as the R350 grant, permanent. Consultation with experts, financial models and scoping studies are all part of the department’s work on extending the crucial relief mechanism.

The SRD grant was introduced in 2020 during the Covid-19 related lockdowns. Since its introduction in 2020, it’s been extended on several occasions. However, its important to note that the SRD grant is temporary and its implementation is set to conclude on March 2023.

The department is looking at ways to ensure people who benefit from the SRD grant still receive support from the government. In their efforts to find a permanent solution for providing support to unemployed individuals between the age of 18 and 59-years old, the DSD recently launched the Expert Panel Report on Basic Income Support.

The Social Security Department appointed an expert panel to investigate the social and economic implications of introducing Basic Income Support at scale. The panel recently looked at ways the SRD grant could be continued in the form of Basic Income Support.

The panel investigated several models for the continuation of the SRD grant, including sourcing funding from an increase to Value Added Tax and also through an increase of Personal Income Tax for the top three deciles.

This iteration of the Expert Panel therefore focuses exclusively on the SRD Grant as implemented to understand the economic, fiscal and social implications of making it permanent

They found that the SRD arrangement posed limited economic and fiscal risks and should be made permanent.

The government is proposing that social assistance be gradually enhanced over time with a view to eliminating poverty at the upper bound poverty level (UBPL).

The Social Protection Resilience and Disaster Risk Reduction (SRDGRD) programme will have a material impact as long as it is introduced in a manner that is fiscally and economically sustainable while at the same having a material impact on poverty and income inequality if implemented at the level of 13.1 million beneficiaries.


Leave a Reply

Your email address will not be published. Required fields are marked *