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Social Relief of Distress grant extended to March 2024

The COVID-19 Social Relief of Distress (SRD) Grant – also known as the R350 grant – is expected to be extended to the end of March 2024. This as government continues to consider options for a replacement for the grant with no decision taken yet on how the replacement will be financed. Finance Minister Enoch Godongwana announced the extension of the grant during his presentation of the Medium Term Budget Policy Statement in Parliament on Wednesday afternoon. “The SRD grant was introduced in May 2020 as a temporary measure to respond to the needs of the most vulnerable, who were affected by [COVID-19 induced] lockdown measures. It has been extended several times since then. Discussions on the future of the grant are ongoing and involve very difficult trade-offs and financing decisions,” he said. As a result of the extension of the SRD grants, other social grants – such as old age grants and disability grants – will increase lower than inflation. According to Treasury, the SRD grant is ex

Tega Industries donates R825 000 towards student debt relief at Unisa

 

Tega Industries donates R825 000 towards student debt relief at Unisa
Tega Industries donates R825 000 towards student debt relief at Unisa

As a part of their company social responsibility efforts, Tega Industries approached the university through the Unisa Foundation to give funds towards the relief of students’ historic debt. Frankie Mojapelo, Acting Director of the Unisa Foundation and Alumni Relations, same the donation would support Unisa’s student debt campaign. He added: “344 students can like the donation; ninety nine of the beneficiaries area unit from antecedently marginalised communities. These students have completed their qualifications however cannot graduate and progress additional in their studies because of monetary constraints.”


Like different teaching establishments in Republic of South Africa, Unisa has accumulated student debt over the past decades. Over R830 million of the historic debt arises from students United Nations agency don't have the monetary means that to pay their outstanding fees.

Tega Industries donates R825 000 towards student debt relief at Unisa
Tega Industries donates R825 000 towards student debt relief at Unisa


Professor Puleng LenkaBula, Principal and Vice-Chancellor of Unisa, same that the university is genuinely appreciative not solely of the monetary donation however conjointly of the chance of a partnership with Tega. “The starting of Associate in Nursingy relationship is spawned by aspirations to form an unerasable mark within the world systems. I appreciate the varied business Tega Industries has, that area unit almost like what we've at the university,” she said.


The partnership can transcend student debt relief


Bhanu Sharma, world President of Tega Industries, in the middle of Vishal Gautam, business executive of Tega Industries continent and Charles Serote, its 60 minutes Manager in continent, same that giving cash is that the best and therefore the least impactful act. He added: “The most impactful is to have interaction in obtaining individuals trained and reskill the degree that need amendment, particularly in mining, artificial intelligence and mechatronics.” Some areas for thought embody analysis support and work placements. Moreover, Sharma said: “Tega would love to have interaction in students’ exposure to the company atmosphere. we've consultants to provide lectures and do community work.” when hospitable the suggestion, LenkaBula same Unisa is hospitable a stronger, impactful, and globally famed partnership.

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Social Relief of Distress grant extended to March 2024

The COVID-19 Social Relief of Distress (SRD) Grant – also known as the R350 grant – is expected to be extended to the end of March 2024. This as government continues to consider options for a replacement for the grant with no decision taken yet on how the replacement will be financed. Finance Minister Enoch Godongwana announced the extension of the grant during his presentation of the Medium Term Budget Policy Statement in Parliament on Wednesday afternoon. “The SRD grant was introduced in May 2020 as a temporary measure to respond to the needs of the most vulnerable, who were affected by [COVID-19 induced] lockdown measures. It has been extended several times since then. Discussions on the future of the grant are ongoing and involve very difficult trade-offs and financing decisions,” he said. As a result of the extension of the SRD grants, other social grants – such as old age grants and disability grants – will increase lower than inflation. According to Treasury, the SRD grant is ex

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