Predicted Increase in SASSA Grant Amount by 2024: News and Fact Check

Updated on January 10, 2024

New Increase Predicted in SASSA Grant Amount in 2024: Full News and Fact Check

The South Africa Social Security Agency (SASSA) provides social security assistance to citizens of South Africa in the form of financial support, child security, old age pension, disabled grants, and low-income aids, among others. These monthly allowances are set to increase in 2024 for eligible recipients.

Overview of SASSA Grant Amount Increase

The SASSA grant program, managed by the Department of Social Development, aims to reduce corruption and provide aid to eligible individuals. The grant amount is being increased in response to the rising cost of living and inflation.

Predicted Increase in SASSA Grant Amount by 2024: News and Fact Check

Impact of Social Security Assistance

Approximately 46% of South African recipients depend on social security assistance to support their households and provide for their children. These grants are designed to assist low-income families with their financial needs.

Predicted Grant Amounts in 2024

In order to address changes in the cost of living, inflation, and other factors, the SASSA grant amounts for 2024 are expected to increase by 5 to 5.6%. The Specific Relief of Distress (SRD) grant will be raised to R350 per month, while the child support grant will receive a top-up of R250, bringing the total monthly assistance to R750. Disabled individuals will receive R2,080, pensioners aged 60 to 75 will receive R2,080, and those above 75 will receive R2,100 per month.

Implementation and Payment Schedule

The new SASSA grant amounts will be delivered in April, with subsequent changes based on the rising cost of living. Recipients are advised to link their bank accounts for direct payment, which will begin on January 3, 2024. These grants will continue to be provided throughout the fiscal year to help individuals cope with rising costs.

Conclusion

The increase in SASSA grant amounts in 2024 aims to provide financial assistance to low-income individuals and their families. These grants are an important resource for overcoming the challenges of inflation and rising living expenses. The government is committed to regular updates and improvements to ensure that these grants reach those in need.