R350 Grant extension

Business News

Tebogo Msimanga |

President Cyril Ramaphosa delivered the State of the Nation Address (SONA) on Thursday evening at Cape Town City Hall. Ramaphosa said COVID-19 has exacerbated the divide between those who are employed and unemployed.

Last year, the unemployment rate in the country reached its highest recorded level.

“Unemployment has been caused by low growth, which has, in turn, resulted from a long-term decline in investment.”

President announced that R350 Grant will be extended for one further year, to the end of March 2023.”During this time, we will engage in broad consultations and detailed technical work to identify the best options to replace this grant.”

Since the onset of COVID-19, the Social Relief of Distress Grant has provided support to more than 10 million unemployed people who were most vulnerable to the impact of the pandemic.

Ramaphosa reiterated that expanding access to land is vital ‘for our efforts” to reduce hunger and provide people with meaningful livelihoods.

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