The South African Social Security Agency is providing financial support to South Africans to make sure they are able to cover basic living expenses. There are different types of financial aid SASSA is offering depending upon the eligibility of the individual.
Currently SASSA is offering financial aid to support pensioners financially through basic income grants This basic income grant is a type of social grant that is designed particularly to provide minimum finance to make sure an individual can meet the basic living expenses easily and live a stable life.
Transitioning Of SASSA Grants Into Basic Income Grant
According to our resources, we have come to know that SASSA is planning to end the SRD grant and shift it to Universal Basic Income Grant, UBIG. The shift would be extremely beneficial to address the issues of inequality and poverty.
If the UBIG is implemented on existing SASSA grants there might be significant impact on SASSA systems. The implementation of Universal Basic Income Grant not only will simplify the welfare system but also will affect the already existing grants significantly.
Although no strict action has been taken until now to shift the social grant systems into UBIG, there are high chances that the current structure of the financial year would be restructured. This will also affect the old age pension that will be restructured to basic income grant assistance. You can check your SASSA income details at https://srd-sassa-gov.co.za/.
Grants, Universal Basic Income Grant Might Replace!
Universal Basic Income Grant, if thoroughly implemented, might replace Social Relief of Distress Grant, Child Support Grant, Disability Grant and Pensioner Grant, as a whole. There are high chances that all four of these grants would be replaced by UBIG, if it is fully implemented in 2025.
According to our resources, the Universal Basic Income Grant UBIG will be implemented in 2025 and will empower millions of South Africans to help the country in eradicating poverty and fostering economic growth. This basic income grant assistance is given to SASSA pensioners to make sure they can meet the basic needs of life and can fulfil their essential requirements to earn a good living.
This basic income grant is a social welfare program in South Africa in which the government is providing all of the citizens with unconditional and regular cash assistance in the form of cash payment. Remember, unlike social grants that are means tested and are only given to eligible candidates, basic income grant, on the other hand, is universal regardless of employment status or income.
SASSA is providing basic income grants to pensioners and is helping them financially. Well until now the exact amount of basic income is not yet disclosed but some of our resources have uncovered the figures ranging in between R 1500 to R 3500 per month.
Those pensioners who are unable to pay for their expenses even after getting the pension are now able to live a stable life with the basic income grant that is given to them to make sure they can fulfil their basic needs easily and live a stable, contented life!
