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Further SASSA Grants Payment has been increased from 1 October 2023. The SRD Grant remains at R350 and is being extended until 31 March 2024. SASSA R350 grant is designed to help unemployed South African between the age of 18–59 years with no source of income.
The old-age pension accounts for the highest amount of government expenditure among all social assistance programmes in South Africa. [20] The old-age pension was established in South Africa as early as the 1920s. [21] However, the old-age pension system had reflected strong racial inequality until the 1990s. [21]
The South African Social Security Agency (SASSA) is a national agency of the government created in April 2005 in order to distribute social grants on behalf of the Department of Social Development, with the latest grant being Social Relief Distress Grant SRD
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