SRD grant increase is “simply unaffordable” says Treasury

By: Alfred0 comments

<p><img src=”https://biz-file.com/c/2601/800777-240×135.jpg?5″ width=”240″ height=”135″ alt=”The Department of Social Development, South African Social Security Agency (SASSA) and National Treasury want a ruling that declared several regulations governing the R370-a-month Social Relief of Distress (SRD) grant unconstitutional overturned. Archive photo: Ashraf Hendricks” align=”left”><br><span >The Department of Social Development, South African Social Security Agency (SASSA) and National Treasury want a ruling that declared several regulations governing the R370-a-month Social Relief of Distress (SRD) grant unconstitutional overturned. Archive photo: Ashraf Hendricks&lt;/span><p><b><br><br><br>- Treasury, Sassa and the Department of Social Development are appealing a high court ruling that found several SRD grant regulations unconstitutional.<br><p></p><br><br>- These include the grant’s R370-a-month value, the income threshold and the online-only application system.<br><p></p><br><br>- Treasury says increasing the grant or expanding eligibility would be unaffordable, with cost estimates ranging from R70.6-billion to R139-billion a year.<br><p></p><br><br>- The SRD grant, introduced during the covid pandemic, has been extended to 31 March 2027. But the government insists it was never intended as a long-term poverty-alleviation grant.</b></p><br><br><br> <a href=”https://www.bizcommunity.com/article/srd-grant-increase-is-simply-unaffordable-says-treasury-406729a”>Read more…</a> | <a href=”https://www.bizcommunity.com/Request/SendToEmailRedirect.aspx?ct=1&ci=265045″>Email</a></p><div style=”clear:left”></div>

Related post

Leave A Comment