Latest news on sassa r350 grant today 12th March 2023

SASSA Call on Social grants recipients for New SASSA/Postbank Gold Cards

Latest news on sassa r350 grant today 12th March 2023

In todays latest SASSA News – When the cost of living rises, it is questionable if the social payments people get from Sassa are sufficient to cover their monthly needs. Learn how much each social grant will provide South Africans on a monthly basis below.

Social subsidies are dispersed monthly to millions of South Africans by the South African Social Security Agency (Sassa). People living in South Africa can apply for and receive a variety of social subsidies.

The following are some of the types of social aid that are being offered:

Money set aside for the elderly
Grants for people in need, such as those with disabilities, are available.
All permanent social grants will see a rise of at least 5% in the 2023/24 fiscal year, as recently stated by Finance Minister Enoch Godongwana. The updated social grant amounts were announced by Minister Godongwana in his Budget Address for 2023.

Increase from R1 985 to R2085 for the Old Age Grant. A grant of R2 105, up from the previous amount of R2 005, will be given to those who are 75 years old or older, as well as to war veterans.

The new monthly maximum for the Disability and Care Dependence allowances is R2 085. Candidates seeking these government handouts must present documentation of their health state.

The current Foster Care Grant of R1 070 will now be R1 125. The current child support grant of R480 will be raised to R505 beginning in 2019.

The revised social grant rates will go into effect in October 2023, as stated by the Ministry of Finance. But would a raise of only 5% be sufficient to guarantee that recipients could meet their most fundamental monthly needs?

Monthly expenses for recipients include sustenance, utilities, housing, and transportation. Would they be able to make ends meet if the social grant was their only source of income?