Beneficiaries of social grants should be aware of when the South African Social Security Administration will distribute their funds. Hence, the government organization has made available a payment schedule for numerous grants.
The South African Social Security Agency (Sassa) distributes a variety of social payments to millions of people each month.
To ensure that social grants are disbursed promptly and to the appropriate party, Sassa already has a payment schedule that it adheres to.
Although a large number of applicants have had their requests for grants granted, Sassa has urged SRD grant recipients who have received payment dates from them to collect their funds when they receive an SMS.
This SMS will, according to the Sassa, include a voucher number from their preferred bank. Clients who have not yet received their payment dates have been informed that in their situation, the lack of dates indicates that the payment has not yet been processed, although grant payments will be completed as soon as possible.
Around 7 million people are currently receiving the SRD stipend, according to President Cyril Ramaphosa.
When it was first introduced, the award experienced a number of changes, some of which include the eligibility requirements, enhanced processes, and a few extensions.
Ramaphosa has promised the current SRD grant recipients that they will continue to receive financial assistance from the government through March 2024.
According to certain lobbying organizations, this financial assistance is even more crucial now that the pandemic’s aftereffects are still being felt. Additionally, they urged the administration to find means of making the award permanent.
How Do Recipients Benefit Financially from The Srd Grant?
Some claim that South Africa is becoming a welfare state as a result of the variety of social subsidies available.
According to recent research from the University of Cape Town, recipients of this scholarship may have had a higher likelihood of landing a job.
Tim Kohler, one of the co-authors and a researcher at UCT, claimed that the SRD award enhanced beneficiaries’ labor market results by 3%, and that these advantages were discovered during the lockdown period.
According to Social Development Director General Linton Mchunu, there has been a decrease in the number of grant recipients, and 10% of SRD grant recipients have moved into employment.