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SASSA Grant Payment Increased Two Folds in 2024
To assist eligible South Africans and permanent residents, the South African Social Security Agency (SASSA) offers vital social subsidies. These awards are intended to help disadvantaged populations in particular with their financial difficulties, reduce poverty, and offer a safety net.
Rumor has recently circulated that the 2024 SASSA Grant Payment would double. This isn’t accurate, though, as all award categories have seen modest increases to lessen the financial burden brought on by inflation. Despite their seeming smallness, the improvements show the government’s dedication to maintaining social assistance in the face of financial limitations.
Please read this post and find all the latest updates on SASSA Grant Payment Increased Two Folds in 2024, net increase in all the grants and reason for the increase.
Importance of SASSA Grants
For millions of South Africans, the foundation of social assistance is the South African Social Security Agency (SASSA). For everyday necessities, many people, including retirees and caregivers, depend on SASSA handouts. These subsidies give people and families who are struggling financially vital financial help.
The aged, crippled, caregivers, and children in low-income homes are all guaranteed help through SASSA grants, which are customized to meet unique requirements. By providing for necessities like food, medical care, and education, they aim to lessen poverty and enhance people’s quality of life.
SASSA Grant Payment Increased Overview
| Article | SASSA Grant Payment Increased Two Folds in 2024 |
| Country | South Africa |
| New Increase Amount | R10 for various grants |
| New Increase Date | October 2024 |
| Previous Increase Date | April 2024 |
| Complete Details | Read Here |
Increase in SASSA Grants
The SASSA grant modifications come after the administration pledged to preserve social handouts’ actual worth in the face of growing inflation. These payments’ buying power is being eroded by inflation, so the modest increases are intended to offer some respite and guarantee that recipients can continue to cover their essential needs.
Here we have summarized the net increase in all the SASSA grants:
Older Persons Grant: The amount for those aged 60 to 74 years was raised by R90 in April 2024 and by a further R10 in October, for a total of R2,190. The monthly benefit for those 75 and older is now R2,210.
Child Support Grant: This grant was increased by R20 in April 2024, bringing the total to R530 per child per month, no additional increase was implemented in October 2024.
Foster Child Grant: In April 2024, it was increased by R50, bringing the monthly total to R1,180.
Disability Grant: This grant was also increased by R90 in April 2024, and then by R10 in October 2024, thereby increasing the amount to R2190 per month.
SRD Grant: After an R20 rise in 2024, the SRD award, which was first offered during the COVID-19 pandemic, is currently R370 per month.
War Veterans: The amount of this grant was R2200 in April 2024, and it was increased by R10 in October 2024.
Even though the monthly increase of R10 might seem insignificant, it is a component of SASSA’s continuous efforts to offer financial support in spite of tight budgetary constraints.
SASSA Grant Payment R10 Increase
Many people would question why the grant increases have been limited to R10, particularly given the current high cost of living, but this is due to stringent financial restrictions. Remember that even a tiny adjustment, like a R10 increase, can have a huge financial impact because there are over 19 million recipients.
SASSA has made it clear that the Department of Social Development and the National Treasury, not SASSA, make budgetary choices. Millions of people are supported by the R265 billion total budget allotted for social assistance in South Africa.
These social grant awards get a sizable amount of the government’s budget, and expanding them would need more funding, which is limited by economic considerations.
Moving Ahead
While many people may expect for larger increases in the future as the economy develops, SASSA is now focused on distributing the available monies in a safe and effective manner.
SASSA anticipates more funding increases in 2025. A new black payment card with better security and digital payment features will be available starting in January 2025.
Beneficiaries have been advised by SASSA to utilize their bank cards for transactions rather than taking out all of their cash at once. Receivers may withdraw funds as needed without carrying significant sums of cash thanks to this approach, which also lowers the danger of theft.
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