Is it True that SASSA Grant Increases for 2023/2024?

The recent announcement of social grant increases for 2023/2024 by Finance Minister Enoch Godongwana brings welcome relief for millions of South Africans relying on this social assistance. With the rising cost of living, these SASSA grant increases will provide extra support to vulnerable groups including the elderly, disabled, children, and veterans.

What Are the New SASSA Social Grant Amounts?

As outlined in the Minister’s budget speech, grants will increase by approximately 5% for the 2023/2024 period. The specific revised monthly amounts are:

  • Old age grant for over 75s: R2,085 (previously R1,980)
  • Old age grant for under 75s: R2,105 (previously R1,980)
  • War veterans grant: R2,105 (previously R2,005)
  • Disability grant: R2,085 (previously R1,990)
  • Foster care grant: R1,125 (previously R1,050)
  • Care dependency grant: R2,085 (previously R1,985)
  • Child support grant: R505 (previously R480)
  • Grant-in-aid: R505 (previously R480)

What Is the Impact on Grant Beneficiaries?

The 5% increase will provide extra support for over 18 million South Africans currently receiving Sassa grants, helping offset rising inflation which hit 7.6% in 2022.

For elderly and disabled grant recipients who rely almost solely on this monthly income, the revised amount of R2,085 provides welcome relief, equating to about R65 more each month.

Similarly, the new child support grant of R505 per month gives R25 extra for each eligible child, assisting caregivers with covering basic needs.

The foster care grant increase to R1,125 also helps foster parents provide care, with an extra R75 per child per month.

Overall, these grant increases enable vulnerable South Africans to afford a better quality of life and cover essential living expenses during difficult economic times.

What Is the Government’s Rationale for Increasing Grants?

The Minister indicated the government recognizes rising inflation and cost of living have impacted social grant beneficiaries. By increasing payouts, Sassa aims to provide necessary relief and protect South Africa’s most vulnerable citizens.

Key factors behind the decision include:

  • Persistent consumer price inflation – forecast at 4.6% in 2023 and 4.4% in 2024
  • High food, fuel and transport expenses – with grants intended to cover basic nutritional and travel costs
  • Electricity and utilities price hikes – with grants cushioning against rising utility bills
  • Rising poverty and unemployment – grants help prevent deepening poverty for over 13 million recipients without jobs

Grant increases enable beneficiaries to maintain minimum living standards, acting as a crucial poverty alleviation tool.

What Is the Broader Outlook for Social Grants?

Beyond 2023/2024, the Minister signaled social grants will continue rising in line with inflation over the medium term.

Key projections on grant trends include:

  • Rising beneficiary numbers – expects 19.6 million recipients by March 2026, up from 18.5 million in 2023. Likely driven by high unemployment.
  • Child and old age grants dominate – approximately 70% of grant spending goes towards these two grants currently. This is projected to continue.
  • Higher government allocations – R400 million provisioned for 2023/2024 Sassa grant increases, and total grant expenditure will rise from R272 billion in 2023 to R325 billion in 2026.

While social grants are not a complete solution to poverty and inequality, the government’s sustained commitment to increasing payouts and targeting vulnerable groups provides an important social safety net.

In summary, the expanded Sassa grant amounts for 2023/2024 offer necessary relief for millions of beneficiaries and their dependents navigating a high-cost environment. As living expenses continue rising, ongoing grant increases in line with inflation will remain critical.

Frequently Asked Questions

Q: Is it True SASSA Grants are Increasing?

Yes, it is true, the SASSA Grants are increasing for 2023/2024 financial year

Q: Who qualifies for the new social grant amounts?

All existing grant beneficiaries will receive the increased amounts, including the elderly, disabled, children, foster parents and war veterans.

Q: When will the new social grant payments start?

The new increased amounts will take effect in the 2023/2024 financial year starting April 1, 2023.

Q: How long will the increased grant amounts last?

The Minister indicated the elevated payment levels will continue over the medium term, rising in line with inflation annually.

Q: Will the grant increases apply to new applicants?

A: Yes, new applicants who qualify for Sassa grants will receive the updated 2023/2024 amounts.

Leave a Comment