The South African Social Security Agency (SASSA) is set to receive a R50 billion funding boost from the country’s treasury, which will significantly increase the payout for SASSA beneficiaries. The funding infusion also has the potential to turn the Social Relief of Distress (SRD) grant into a Universal Basic Income Grant (BIG) by 2026, which could dramatically transform the country’s social welfare system. The 2024 Appropriation Bill has been approved by the National Assembly, providing access to funds from the National Revenue Fund from 2025 onwards, with the proposed increase in spending on social welfare expected to surge from R283 billion to R331 billion by 2026.
