SASSA grants increased twice this year, once in April 2023 and the other in October 2023. The main reason for increasing the grant payments was to allow the beneficiaries to adjust their expenses with inflation.
As inflation goes up, SASSA is also working hard to make their beneficiaries live easier and reaccess the grant payments every year to help their citizens cope up with inflation. Now once again, SASSA has increased the grant payments.
Please keep reading to learn how much your grant increased on October 1, 2023.
Recent SASSA Grant Increase in October 2023
The grant amount increase for each type of grant on October 1, 2023 is as follows.
Finance Minister Plans for SASSA Grants Increase and its Future
In the budget speech for the 2023/2024 financial year, which was held on 22 February 2023, Finance Minister Enoch Godongwa shared the current grants stats and government plans for social grants and how the government is trying to make things easier for grant beneficiaries.
He announced that the grant payments would be increased to 5% to keep up with inflation, as the government has committed. (We saw the government has followed through on its commitment to increase grants by 5%, as seen by the April 2023 and now October 2023 increases.)
Finance Minister Enoch Godongwa also shared an interesting fact that the old age grants and child grants are receiving the largest share of grant funds and about 70% of all government social grant funds. There are a total of 17.5 million beneficiaries of those two grants alone.
He also shared that the current grant beneficiaries are 18.6 million, according to March 2023. These numbers are expected to grow to 19.6 million by the end of March 2026. The government currently spends R233 billion on grants per year, and it will increase its spending to R248.4 billion by 2025/26 to help all grant recipients. He also added that the government will allocate over 10 billion more funds for grant payments by 2025 to help all grant recipients.
When is the SASSA Grant Paid?
SASSA grants are paid monthly, and it releases the payment schedule for every month for each type of grant. You will also receive a notification when your payment date arrives.
Please see the SASSA payment dates to know about your upcoming payment date.