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
Car insurance is a necessary expense for drivers, but it doesn't have to be an expensive one. There are several ways to save money on car insurance without sacrificing coverage. Here are some tips:
1. Shop around: Don't settle for the first car insurance quote you receive. Shop around and compare prices from multiple insurance providers to find the best deal.
2. Increase your deductible: Raising your deductible can lower your monthly premium. Just make sure you have enough money saved to cover the higher deductible in case of an accident.
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4. Maintain a good driving record: A clean driving record can lead to lower insurance rates. Avoid speeding tickets, accidents, and other driving infractions to keep your insurance premiums low.
5. Drive a safe car: Cars with high safety ratings and features such as anti-lock brakes, airbags, and anti-theft devices can qualify for discounts on car insurance.
6 Consider usage-based insurance: Usage-based insurance uses telematics to track your driving habits and offers discounts for safe driving.
7. Review your coverage annually: Your insurance needs can change over time, so it's important to review your coverage annually and adjust it as needed.
9. Ask about discounts: Many insurance providers offer discounts for things like being a safe driver, having a good credit score, being a member of a professional organization, or having a certain type of job.
In summary, saving money on car insurance requires research, comparison, and awareness of available discounts. By following these tips and making a few changes in your insurance coverage, you can save money on car insurance while still maintaining adequate coverage.
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