Cape Town, South Africa – In his 2023 Budget Speech on Thursday, 22nd February 2023, Finance Minister Enoch Godongwana announced that the South African Social Security Agency (SASSA) Old Age and Disability grants will be increased by R90 from 1 April 2023. This increase will be followed by a further R10 increase on 1 October 2023, resulting in a total increase of R100 and bringing the total grant amount to R2090.
Minister Godongwana noted that the increase in grants is aimed at providing much-needed financial relief to the country’s most vulnerable citizens. He said that the government remains committed to addressing poverty and inequality in the country, and that the increase in grants is one of the ways in which this commitment is being fulfilled.
The Old Age Grant is a monthly payment made to South African citizens who are 60 years or older and who are not eligible for a pension or any other form of income. The Disability Grant is a monthly payment made to South African citizens who have a disability that prevents them from working and earning a living.
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The increase in grants has been welcomed by many South Africans, especially the elderly and disabled who have been struggling to make ends meet. The cost of living in South Africa has been rising steadily, and the increase in grants will go a long way in helping to alleviate the financial strain that many of these citizens are facing.
The government has stated that it will continue to find ways to support those in need, especially during these difficult economic times. The increase in grants is just one of many steps that the government is taking to help vulnerable citizens across the country.
Overall, the announcement of the increase in the Old Age and Disability grants has been well-received, and many hope that this is just the beginning of further initiatives to address poverty and inequality in South Africa.