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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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10 Essential Factors to Consider When Buying a House: Your Ultimate Homebuyer's Guide

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The top 10 things to look for when buying a house
The top 10 things to look for when buying a house


When buying a house, there are several important factors to consider. Here are the top 10 things to look for:


Location: The location of the house is crucial. Consider the neighborhood, proximity to schools, amenities, work, transportation, and the overall desirability of the area.


Size and Layout: Assess whether the size and layout of the house meet your current and future needs. Consider the number of bedrooms, bathrooms, living spaces, storage areas, and any specific requirements you may have.


Condition of the Property: Carefully inspect the house for any signs of damage or maintenance issues. Look for structural integrity, plumbing and electrical systems, roofing, and the general condition of the property. Consider hiring a professional home inspector for a thorough evaluation.


Natural Lighting and Ventilation: Natural light and proper ventilation can greatly enhance the living experience. Check the orientation of the house, the placement of windows, and the overall brightness and airflow in different areas.


Outdoor Space: Evaluate the outdoor areas, such as the yard, garden, patio, or balcony. Consider your preferences for outdoor activities, gardening, or space for pets and children.


Storage: Sufficient storage space is essential for a comfortable living. Assess the availability of closets, cabinets, a garage, or a basement to accommodate your belongings.


Energy Efficiency: Look for energy-efficient features such as insulation, double-pane windows, energy-efficient appliances, and solar panels. These features can save you money on utility bills and reduce your environmental impact.


Safety and Security: Consider the safety and security features of the house. Look for features like smoke detectors, security systems, sturdy doors and windows, and well-lit exterior areas.


Future Expansion or Renovation Potential: Assess whether the house has potential for expansion or renovation if you have plans for future modifications. Check local regulations and zoning restrictions to ensure feasibility.


Price and Financing: Finally, evaluate the price of the house and your financing options. Consider your budget, affordability, mortgage rates, and the potential for property value appreciation.


Remember, it's always a good idea to work with a qualified real estate agent or professional to guide you through the process and ensure you make an informed decision.

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