The financial struggles faced by older South Africans have led to consistent adjustments to the old-age grant. For the fiscal year 2024–2025, Finance Minister Enoch Godongwana announced an increase of nearly 5% in social assistance, which includes the old-age grant. This uplift is part of broader efforts to provide financial support to the country’s senior citizens.
The increase is particularly important as the number of beneficiaries continues to rise. By 2026, the government expects there will be 19.6 million grant recipients in South Africa, up from 18.6 million in March 2024. This growth in numbers highlights the increasing need for social grants, particularly for the elderly, who rely on this support for basic needs. Let’s break down the SASSA Old Age Grant increase and what you can expect in 2025.
Grant Overview
The South African Social Security Agency (SASSA) administers the Old Age Grant, designed to help citizens who are 60 years of age or older. It provides financial assistance to those who meet certain criteria, including citizenship or permanent residency status, and ensures they are not receiving other social grants.
Here’s a quick snapshot of what the Old Age Grant looks like:
| Detail | Information |
|---|---|
| Minimum Eligible Age | 60+ |
| Old Age Grant Amount (2022) | R1,985 |
| Old Age Grant Amount (2024) | R2,090 |
| Grant for 75+ Years Old (2024) | R2,110 |
| Administered By | SASSA |
To qualify, your assets cannot exceed R2,455,200 (for married individuals) or R2,227,600 (for single individuals). Any fraudulent claims or changes in your circumstances that aren’t reported could lead to the suspension of your grant.
2025 Grant Increase
So, how much will the Old Age Grant increase by in 2025? As part of the government’s commitment to aiding vulnerable populations, the grant will see a small but impactful rise.
For recipients aged 60 to 74, the monthly amount will increase to R2,090 from the previous R2,080, beginning in October 2024. For those aged 75 and above, the grant will increase to R2,110 from R2,100. While these may seem like modest increases, they reflect the government’s attempt to balance growing recipient numbers and inflationary pressures.
Looking beyond 2025, the government has projected even more recipients in the coming years. Minister Godongwana highlighted that social assistance spending will have to rise as the population of grant recipients grows.
Grant Payment Methods
Once your application is approved, your payments can start right away, using various methods that suit your needs. The grant can be paid:
- In cash at a designated pay point.
- Directly into your bank or Postbank account (although some banks may charge fees).
- Through institutions like assisted living facilities.
If you’re unable to collect the funds yourself, you can authorize someone to collect the grant on your behalf. Keep in mind that SASSA may review your grant based on your reported income, and they’ll notify you three months before any review deadline.
Long-Term Outlook
Minister Godongwana, in his budget announcement, emphasized that over the next three years, the government will continue increasing grant spending. As social development continues to receive significant funding, the SASSA Old Age Grant will be a priority, ensuring that older citizens receive the support they need.
By 2025, the number of grant recipients is expected to increase, leading to an additional R10 billion required to cover the extra spending. Recipients are encouraged to stay informed, as SASSA regularly reviews and adjusts the grant amounts.
The government is committed to improving the livelihoods of older South Africans, and these regular increases are an essential step in that direction.
The SASSA Old Age Grant has come a long way from its initial value of R390 in 1994 to the current R2,090 in 2024. The incremental changes, though modest, reflect the government’s efforts to keep pace with inflation and rising living costs.
Older South Africans are urged to stay updated by visiting the official government portal for any new developments and further adjustments to grant amounts.
FAQs
How much will the Old Age Grant be in 2025?
It will be R2,090 for those aged 60 to 74, and R2,110 for those aged 75+.
Can non-citizens apply for the Old Age Grant?
No, only South African citizens, permanent residents, or refugees can apply.
What happens if I fail to update my income information?
Your grant could be suspended if you don’t participate in the review process.
When will the 2025 grant increase take effect?
The increase will start in October 2024.
Can someone else collect my Old Age Grant?
Yes, you can authorize someone to collect it on your behalf.
