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Social Relief of Distress grant extended to March 2024

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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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How to save money on a tight budget

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Saving money on a tight budget can be challenging, but it's not impossible. Here are some tips that can help you save money on a tight budget:
How to save money on a tight budget



1. Create a budget: Start by creating a budget that includes all of your income and expenses. This will help you identify areas where you can cut back and save money.


2. Cut back on unnecessary expenses: Take a look at your expenses and identify areas where you can cut back. This could include eating out less, canceling subscriptions you don't use, or finding cheaper alternatives to your current services.


3. Use coupons and shop sales: Look for coupons and shop sales to save money on groceries, household items, and other purchases.


4. Cook at home: Cooking at home is generally cheaper than eating out, so try to cook meals at home as much as possible.


5. Use public transportation: If you live in an area with public transportation, consider using it instead of driving. This can save you money on gas and car expenses.


6. Find ways to earn extra income: Look for ways to earn extra income, such as freelance work or part-time jobs, to supplement your current income.

7. Use cash instead of credit: Using cash instead of credit can help you avoid overspending and keep your expenses in check.

Remember, even small savings can add up over time, so don't be discouraged if you're only able to save a little bit each month. The key is to be consistent and make saving a priority, even when money is tight.


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