SARB suspends SASSA gold card transition to postbank cards

SARB suspends SASSA gold card transition to postbank cards

The South African Reserve Bank (SARB) has temporarily suspended the transition from SASSA gold cards to Postbank’s new black cards. The suspension comes amid concerns over Postbank’s compliance with banking security standards, limited infrastructure, and inadequate communication with grant recipients. Why is the transition suspended? SARB suspended the transition due to Postbank’s failure to meet security standards, insufficient banking infrastr…

Reserve Bank halts Sassa card switch, sparking concern among grant recipients

Source: SANews.gov.zaThe South African Reserve Bank’s (Sarb) decision to halt the transition from Sassa’s gold cards to Postbank’s black cards has created uncertainty for social grant beneficiaries. Read more...

SARB’s halt on SASSA’s gold cards transition sparks uncertainty - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The South African Reserve Bank’s (SARB) suspension of the process to transition from the South African Social Security Agency’s (SASSA) gold cards to Postbank’s black ones has sparked uncertainty among social grant beneficiaries. The SARB has cited Postbank’s compliance regarding the security systems, limited banking infrastructure and poor communication as reasons for the temporary suspension of the process. Some social grant beneficiaries in t…

South Africa halts new social security card rollout as over a million people face delays

South Africa has suspended new SASSA card issuance over compliance concerns, affecting over 1.3 million grant recipients. A temporary extension of old cards offers relief, but the crisis highlights deeper problems in the country’s public service systems.

South Africa suspends new SASSA payment cards

The South African Reserve Bank (SARB) has suspended the rollout of Postbank’s new black South African Social Security Agency (SASSA payment card), throwing the distribution of monthly social grants to over 28 million beneficiaries into uncertainty. The new cards were meant to replace the ageing gold cards used by SASSA grant recipients, one of Africa’s largest social welfare programmes. The transition to black cards, issued by state-owned Postba…

The crisis with Postbank's replacement of its gold cards for social grant beneficiaries could have turned out much more devastating if intervention had not been made, admits Social Development Minister Sisisi Tolashe.