social relief of distresslatest news & developments
There are signs that the treasury plans to exclude some recipients from the grants system through a new identity verification process. (File photo)

Withdrawing SRD grant could save R36bn, but economists say it is here to stay

The grant budget is to be cut by R20 billion but it is unclear how the numbers will add up

  • Des Erasmus
5 min read
On the money: Treasury director general Duncan Pieterse says its focus is on Transnet’s turnaround plan. Photo: Jaco Marais/Gallo Images via Getty

Treasury’s Pieterse: Transnet bailout ‘not inevitable’

The 2024 budget is Duncan Pieterse’s first as director general. And he says the fiscal framework does not constitute a negotiating position

  • Eyaaz
7 min read
President Cyril Ramaphosa signed the climate change bill into law last month.

Budget 2024: Treasury responds to Ramaphosa’s promise to ‘extend and improve’ SRD grant

The term’s of its extension beyond 2025 have yet to be agreed on, but the treasury has made provisional allocations for the grant

  • Eyaaz
3 min read