How much is Sassa old age grant this month?

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

• The Old Age Grant program offers financial aid to South African citizens aged 60 and above.
• Recipients can receive up to R2,090 per month, with those over 75 receiving R2,110.
• To be eligible, you must be a citizen, permanent resident, or refugee of South Africa.
• Your assets must not exceed R2,455,200 for married individuals or R2,227,600 for single individuals.

Grant Increase

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

• R2,090 for recipients aged 60 to 74 (an increase from R2,080).
• R2,110 for seniors aged 75 and above (an increase from R2,100).

Payment Mode

Grant payments can be received through various methods:

• Cash at a designated pay point.
• Electronic deposits into a bank or Postbank account.
• Assistance from institutions like assisted living facilities.

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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