This article will let you in detail about Changes on R350 Eligibility Criteria: Additional Measures by Treasury. We encourage South African people who rely on the Social relief of Distress grant to read this article.
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Changes on R350 Eligibility Criteria
Finance Minister Enoch Godongwana recently announced changes to the R350 social relief of distress (SRD) grant eligibility criteria. To prevent misuse, two new measures have been introduced the National Treasury:
- Applicants must not have multiple bank accounts.
- Individuals with a bank balance exceeding R670 are ineligible.
The extension of SASSA R350 Grant
During the last State of the Nation Address (SONA) for the sixth administration at the Cape Town City Hall, President Cyril Ramaphosa said that the government will extend and improve the R350 Social Relief of Distress (SRD) grant as the next step towards income support for the unemployed individuals.
The President further said:
“We have seen the benefits of this grant and will extend it and improve it as the next step towards income support for the unemployed. These grants and subsidies do much more than give people what they need to live. They are an investment in the future.“
The government introduced the special grant during the pandemic, which currently reaches some 9 million unemployed people every month. Social Relief of Distress Grant (SRD Grant) is now extended until March 2025.
Additional Measures by Treasury
Minister of Finance Enoch Godongwana said R34 billion has been allocated to extend the grant by another year.
“Government proposes that the fiscal framework make provision for funding for the grant for 2024/25. Beyond this, a comprehensive review of the entire social grant system by the Department of Social Development and the National Treasury is required,” Godongwana said.
We are happy that we were of help to provide you with the latest update on New R350 Eligibility Criteria.
