The South African Social Security Agency (SASSA) has noted the instruction given by the South African Reserve Bank (SARB) to Postbank to ensure that the SASSA gold card remains active and that Postbank must honour all transactions on these cards.
This instruction by the SARB is to ensure that all gold card beneficiaries who have not yet migrated to the Postbank black card continue to receive their grants seamlessly. A new deadline for the termination of the SASSA gold card is expected to be issued by the SARB soon. Whilst discussions are underway between SARB and Postbank, the issuing of the black cards by Postbank at their sites across the country has been suspended indefinitely.
SASSA remain hopeful that all beneficiaries will continue to receive their money while also emphasizing the right of the beneficiaries to choose any bank of their choice and if such need arises, they can approach the nearest SASSA local office.
Issued by the South African Social Security Agency
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