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Postbank and SASSA are to end cash withdrawals for social grants.

Writer's picture: 90.6 FM News90.6 FM News

VAAL TRIANGLE - Postbank and the South African Social Security Agency have announced starting next month, social grant recipients will no longer be able to withdraw cash from Post Offices, marking the phasing out of physical cash payment points. The move aims to address issues like cash-in-transit heists and challenges faced at payment point sites. News24 reports, critics argue this will impose additional costs on recipients, especially in rural areas. The Post Office, undergoing business rescue due to financial challenges, plans to close 420 branches and retrench 6,000 employees. The government is considering a R3.8-billion bailout.


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