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Finance Minister Enoch Godongwana, during his recent Budget Speech in Cape Town, outlined plans to address the impact of inflation on beneficiaries and broaden access for eligible individuals by increasing Sassa social grants. It’s important to note that these adjustments do not encompass the Social Relief of Distress Grant (SRD Grant), commonly referred to as the R350 grant.
Despite acknowledging the escalating cost of living for the approximately 19 million South Africans relying on Sassa grants, Minister Godongwana stressed that the government has done as much as the fiscal envelope allows.
Anticipated increases in Sassa grants for the current year include a R100 raise for old age, war veterans, disability, and care dependency grants. This increment will be split, with R90 becoming effective from April and an additional R10 from October. Furthermore, a R50 boost is allocated for the foster care grant, and the child support grant is set to receive a R20 uptick.
The National Treasury’s Budget 2024 review forecasts a surge in Sassa social grant expenditure, excluding the SRD grant, from R217.1 billion in 2023/24 to R259.3 billion in 2026/27.
While the government allocates R33.6 billion for the COVID-19 Social Relief of Distress Grant in 2024/25, Minister Godongwana has committed to ongoing efforts to enhance this grant by April. These enhancements will operate within the existing fiscal framework.
The National Treasury foresees an increase in Sassa grant beneficiaries, excluding those receiving the COVID‐19 SRD Grant, from 18.8 million in 2023/24 to 19.7 million in 2026/27. Future extensions beyond March 2025 will align with social security policy reforms, ensuring continued support for those in need, taking funding considerations into account.
