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IconSOCIAL GRANTS (GOVERNMENT)

South African Social Security Agency (SASSA)

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South Africa provides a wide variety of financial assistance to its needy citizens by way of cash grants, as a means of social assistance. Social assistance is an income transfer in the form of grants or financial award provided by government.

Since 01 April 2006, the responsibility for the management, administration and payment of social assistance grants was transferred to the South African Social Security Agency.
 
SASSA is a section 3A public entity and focused institution responsible to ensure that government pays the right grant, to the right person, at a location which is most convenient to that person.
 
Types of Grants:
  • Grant for Older Persons
  • Disability Grant
  • War Veteran's Grant
  • Child Grants; Foster Child Grant
  • Care Dependency Grant
  • Child Support Grant
  • Grant-in-aid
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From The Glossary »

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Risk Type:

Risk Type is associated with the degree of volatility and exposure to the market that an investment has. The possibility that an investment may fluctuate in value i. e. the degree of unpredictability in the return of the investment. Risk is generally defined as volatility in returns, in other words, the variance in the returns over a certain period. It can also be defined as the erosion of the real value of the investment due to inflation (inflation ...
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