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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| Why Is Skill Development Important For Youth? |
Skill development is crucial for the youth for various reasons, including:
•Opportunities for Careers: Because the employment market is evolving quickly, it is crucial for young people to acquire highly sought-after abilities. Their competitiveness and appeal to prospective employers increase as a result of skill improvement, which opens up improved employment options and raises in pay.
•Entrepreneurship: Skill development gives young people the information and abilities they need to launch their own firms or work for themselves. Through the creation of their own possibilities, participation in the economy, and financial independence, they are able to flourish.
•Personal Development: The development of young people's skills enables them to pursue their interests and passions, resulting in personal development and fulfillment. They gain self-esteem and confidence as a result, which fosters a positive attitude on life.
•Social mobility is made possible through the development of skills, which assist close the gap between social classes and open doors for young people from underprivileged origins. A more just and equal society results from this promotion of social mobility and reduction of inequality.
•National progress: A nation's economic progress depends on skill development. Young people who are educated and skillful aid in the growth and prosperity of the nation, raising everyone's level of living.
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