The South African Social Safety Company (SASSA) has confirmed the old-age grant fee dates for Might 2025. SASSA pays social grants to aged individuals over 60, kids (underneath 18), individuals with disabilities and struggle veterans.
SASSA OLD AGE GRANT PAYMENT DATE FOR MAY 2025:
The SASSA fee date for the outdated grant in Might 2025 will probably be on Tuesday, 6 Might 2025. Different grant fee dates, together with the Incapacity grant, will probably be paid out on Wednesday, 7 Might 2025 and the Youngsters’s grant will probably be paid out on Thursday, 8 Might 2025.
WILL THE VAT FREEZE AFFECT PAYMENT?
In March 2025, the Minister of Finance, Enoch Godongwana, introduced that the VAT would improve by 0.5 % from 15% to fifteen.5%. Nonetheless, on Thursday, 25 April 2025, the minister introduced the federal government’s choice to reverse the Worth Added Tax (VAT) improve that was set to be efficient on 1 Might 2025.
The Nationwide Treasury stated that the choice to not improve VAT signifies that the deliberate measures to help lower-income households must be withdrawn and different expenditure choices revisited.
“The choice to not improve VAT signifies that the measures to cushion decrease revenue households in opposition to the potential damaging influence of the speed improve now must be withdrawn and different expenditure choices revisited.”
“To offset the unavoidable expenditure changes, any extra income collected by SARS could also be thought of for this function going ahead,” the Nationwide Treasury said.
SASSA WARNS OF FAKE NEWS ABOUT MAY 2025 PAYMENTS BEING DELAYED
SASSA warns of circulating pretend information concerning the Might 2025 grant funds being delayed and having a rise reversal.
Moreover, there have been circulating information concerning the outdated age grant being stopped in Might if sure paperwork aren’t up to date by 30 April 2025.
“As SASSA, we wish to verify that the message is wrong and pretend. This message is mischievous and we urge our beneficiaries to not panic, as no grant will probably be cancelled,” stated SASSA.
Do you suppose the VAT freeze will have an effect on your family finances?
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