According to the Democratic Alliance (DA), the recently published budget shows that certain social grants will be affected as of 1 March 2024. The DA is deeply concerned about this matter as it will affect millions of South Africans who rely on those grants. The Democratic Alliance (DA) has released a statement highlighting certain issues within the … Read more
Millions of people living in South Africa rely on Sassa grants distributed by the South African Social Security Agency to purchase basic goods and services. These grant payments are made at the beginning of each new month. The South African Social Security Agency (Sassa) distributes more than 18 million permanent social support grants monthly. These … Read more
Following yet another technical issue with the Postbank payment system, thousands of recipients of social grants had a poor start to the year and were left without any funds. Beneficiaries of the Sassa social grants who are gold card holders were unable to access their funds at a critical moment when many families needed money, … Read more
During the festive season, social grant beneficiaries were alerted of a suspected cyber security threat to the Postbank’s system. This has been followed by a scam targeting Sassa grant clients that use the gold payment card to withdraw their funds. A number of scams surfaced in the previous year, releasing information that had gone viral … Read more
PostBank has confirmed that it has lost millions after it suffered a cyber crime attack in which money was siphoned into bank accounts and withdrawn before it could be detected. Account balances on several individual accounts were inflated on the database and thereafter cash was withdrawn from ATMs over some time. amaBhungane, Centre for Investigative … Read more