The South African Reserve Financial institution (SARB) has briefly suspended the transition from SASSA gold playing cards to Postbank’s new black playing cards. The suspension comes amid issues over Postbank’s compliance with banking safety requirements, restricted infrastructure, and insufficient communication with grant recipients.
Why is the transition suspended?
SARB suspended the transition resulting from Postbank’s failure to satisfy safety requirements, inadequate banking infrastructure, and insufficient communication with beneficiaries.
SASSA maintains that outdated playing cards will stay practical till the Reserve Financial institution broadcasts a brand new deadline.
Sassa beneficiaries confused
Within the Northern Cape province, some recipients of social grants are nonetheless confused concerning the transition process.
Talking to SABC Information, Matshidisonyana Seleke, a pensioner from Kimberly, says, “I’m very confused. Therefore, I’ve not modified my card.”
Seleke is amongst hundreds of SASSA’s beneficiaries left confused, and the company’s spokesperson clarifies this confusion.
SASSA’s Northern Cape Spokesperson Lungelo Mkamba says, “Till a brand new deadline for the termination of outdated SASSA gold playing cards is issued, all gold playing cards stay practical.
In keeping with IOL, the Portfolio Committee on Social Growth urges SASSA gold card beneficiaries who couldn’t migrate to the Postbank black card to use to a financial institution of their option to obtain social grants.
Sum up
The Reserve Financial institution has instructed Postbank, underneath the oversight of SASSA, to make sure all beneficiaries can proceed utilizing their gold playing cards till additional discover.
Have you ever already transitioned your SASSA card?
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