During a recent event in North West, South Africa, Julius Malema, the leader of the Economic Freedom Fighters (EFF), pledged to increase the monthly old-age grant provided by the South African Social Security Agency (SASSA) to R4,500 if his party gains power. Malema’s promise came as part of the EFF’s provincial manifesto launch, where he emphasized the importance of protecting social grants and enhancing financial aid for pensioners.
Criticizing the current government led by the African National Congress (ANC), Malema accused the ruling party of failing to adequately support the elderly population. He argued that older individuals have contributed significantly to the nation by paying taxes throughout their careers and deserve better support during their retirement years. Presently, the old-age grant in South Africa is set at R2,400 monthly, with those over 75 receiving a slightly higher amount of R2,420.
Malema also voiced his disapproval of the R370 Social Relief of Distress (SRD) grant, labeling it as insufficient. He advocated for the introduction of a new financial assistance program aimed at unemployed graduates. During a speech in Mpumalanga, Malema reiterated his proposal for the R4,500 old-age grant, highlighting the financial burden pensioners often bear in supporting their children and grandchildren.
The EFF leader argued that the South African government could afford the proposed increase in grants by managing public funds more effectively. As the country approaches the local government elections on 4 November, social grants, unemployment, and the escalating cost of living are anticipated to be significant points of discussion among political parties as they vie for voter support.