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How much is Sassa old age grant this month?

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SASSA Old Age Grant Increase 2023-2024

Overview

The South African Social Security Agency (SASSA) has announced an increase in the old age grant for the fiscal year 2023-2024. This increase is aimed at providing financial assistance to older South Africans who are struggling financially. The Finance Minister, Enoch Godongwana, revealed that social assistance will be raised by nearly 5% during this period.

Grant Details

Grant Increase

As of October 1, 2023, the Old Age Grant will provide:

Payment Mode

Grant payments can be received through various methods:

Final Thoughts

The government aims to increase grant expenditures due to the rising number of recipients. By March 2026, it is estimated that there will be 19.6 million grant recipients in South Africa. Recipients should stay informed about any changes in grant amounts by visiting the official government website.

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