Postbank has announced that its agreement with SASSA won’t end on September 30 2025 as previously stated. They added three more months to the deal. This news brings relief to millions of people who get social grants through Postbank. There were worries and legal concerns that the agreement’s end might stop social grant payments. But now people can relax. Anyone with a SASSA gold or black card can keep getting their money without problems.
Why the SASSA Gold and Black Card Deal Was in Danger
The social grant payment agreement was expected to end because of fights between parties and a court decision. This would have forced Postbank to stop giving out social grants. Many people would then need to switch to different banks. Everyone was worried about how people would get their money & if payments would continue smoothly. But now the contract will stay in place for longer. This gives more time to fix problems between the government & other groups involved.
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How Secured Payments Bring Relief for Beneficiaries
Postbank’s CEO Nikki Mbengashe says people can keep using their black & gold SASSA cards to get their grants. The gold cards will still work for up to 15 months until everyone gets switched to black cards.
Postbank wants to make it clear that people should not switch banks or change how they get paid unless they get official instructions.
They should ignore anyone who tells them otherwise. SASSA promises that people will still be able to get their payments from shops ATMs and other normal places in the future.
What This Agreement Means for the Future of SASSA Grants
Social grant payments will continue as normal for now thanks to the new extension. Millions of people who get these grants don’t need to worry about any payment problems right now. Postbank and SASSA still need to fix some issues between them but they have more time now. Important things to remember: –
Keep using your current card (black or gold)
– Watch out for updates from SASSA and Postbank
– Tell them right away if you have any payment problems This extra time lets them work out their differences.
– But they still need to find a better long-term solution to make sure South African grant payments keep working properly in the future.
