Through all the trials and tribulations of an election year, and in the face of Mzansi’s rising cost of living, here’s how old-age pensioners survive on SASSA grants.
respectively. And so, again, we answer the question, how old-age pensioners survive on SASSA grants …How old-age pensioners survive on SASSA grants depends largely on their connection to the communities they’re in. Image: File, roughly one-third of SASSA grant recipients multiply their stipends by working off-the-books in the South Africa’s thriving informal economy.
Or if you’ve taken up a hobby in your twilight years that could generate a small income on the side. Just as long as it’s off the books and not declared to SARS, so you don’t pay tax. Likewise, your activity in your bank account still needs to satisfypopulation are gainfully employed in the informal economy. Popular jobs, according to the research, include services like painting or plumbing. Work in a tavern/shabeen/betting parlour, or trading at a spaza shop.
Those who are well past retirement age are better suited to renting out a portion of their land/property , in-home care, babysitting, knitting and sewing or other forms of self-employment. You can think of it as the gig economy for the townships and it’s how old-age pensioners survive on SASSA grants. Also known as ‘survival-orientated businesses’, the monthly SASSA grants act as seed money.
The biggest challenges to how old-age pensioners survive on SASSA grants through informal work, aside from a general lack of capital, are the following:Don’t forget, if you do choose to work in the informal economy, you must still adhere to the agency’s asset and means tests. You will never have to apply for your SASSA old-age pension grant again. However, the government agency has the right to review it periodically.
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