Social grants increase

Business News

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Finance Minister Enoch Godongwana delivered a much-anticipated budget speech on Wednesday in Cape Town. Minister said the department of social development will receive the largest allocation of R58.6 billion over the medium term.

Godongwana reiterated that the first is to initiate a new extended child support grant for double orphans. “This is to encourage the care of orphans within families rather than foster care. Second, to provide for inflationary increases to permanent social grants.”

He added that for the 2022/23 fiscal year, the old age, war veterans, disability and care dependency grants will increase by R90 in April and a further R10 in October. The foster care and child support grants will increase by a once-off R20 in April.

Minister said the R44 billion is allocated for a 12-month extension of the R350 social relief of distress (SRD) grant.

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