SASSA News – When SASSA Will Stop R350 Grant

SASSA News – When SASSA Will Stop R350 Grant

SASSA News – When SASSA Will Stop R350 Grant: Sassa R350 grant recipients will be relieved to learn that the organization has provided an official response to their question about when the grant will end.

Beneficiaries are urged to take note that the R350 grant will be available until 31 March 2023 by the South African Social Security Agency (Sassa).

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However, the deadline for applications is March 31. Sassa has further stated that payments will only be made for the months prior to March 2023 and the prior period, but the beneficiary will still be compensated for any unpaid months.

By implementing the grant’s third iteration, R44 billion will be used to serve 10.5 billion people until the end of March 2023.

The distribution did not reach the 10.9 billion eligible recipients.

In addition to this, the agency added more eligibility requirements for the R350 grant since the Public Finance Management Act (PFMA) mandates that it keep within the budgetary allocation. This included establishing a R350 means test cutoff for all candidates.

This was done by regularly examining each applicant’s bank account to see if their monthly income was R350 or  above.

Because the Department of Social Development (DSD) had to negotiate with the banks to conduct these means tests and because banks always opt to safeguard their customers’ funds, this evaluation was highly challenging.

Serious difficulties were encountered in the first three months, which caused a two-month delay in grant execution.

The biggest problem is the grant’s low uptake, which is lower than the planned amount. Unfortunately, the unused funds must be given back to the National Treasury despite the fact that there are more and more people living in poverty in the communities.