💨 Abstract

SASSA beneficiaries using Postbank face a potential payment crisis as the agency's contract with Postbank expires on September 30, 2025. The Public Protector has highlighted significant issues, including mismanagement and irregular appointments, making a contract extension unlikely. The DA urges beneficiaries to switch to another bank urgently. Approximately 2 million beneficiaries may be affected, and there is a call for immediate accountability from SASSA, Postbank, and the South African Reserve Bank.

Courtesy: Ray Leathern