New Finance-Linked Individual Subsidy Programme Values, Effective 1 April 2012

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Households earning R3501-R3600 per month are eligible to apply for an R87 000 subsidy, in terms of the new Finance Linked Individual Subsidy Programme (FLISP), first announced by South African President Zuma in his State of the Nation Address in February this year.  For every R100 less earned, an additional R675 subsidy is offered.  Households earning R14901-R15000 per month are eligible to apply for a R10050 subsidy – from there, households earning less get progressively more subsidy, all the way down to households earning R3501 per month, who can apply for the largest amount.  The full subsidy table is available here.