Postbank Archives - Voice of the Cape

COSATU urges SASSA to reconsider its phasing out of the Postbank

Cosatu has urged the South African Social Security Agency to reconsider its decision to phase out Postbank as a social grant service provider. According to Cosatu's spokesperson, Matthew Parks, the federation is extremely disappointed by SASSA's announcement that it intends to phase out Postbank's participation in processing social grant payments to millions of recipients in favour of private banks. "After Postbank reported that such fees would not be deducted, social […]

4 September 2025

Local

Postbank Assures Beneficiaries of Secure and Timely Grant Payments

Postbank has moved to reassure millions of South Africans who rely on its Black Cards and the South African Social Security Agency (SASSA) Gold Cards that their social grants will continue to be paid securely and on time. This follows widespread concern sparked by false reports that Postbank’s master services agreement with SASSA is set to expire, potentially disrupting payments. Postbank spokesperson Bongani Diako clarified that, while the agreement is […]

22 August 2025

Local

SASSA Gold Cards to Remain Active Beyond May

SASSA Gold Cards will continue to function beyond the initial May deadline, allowing beneficiaries who have not yet switched to the new Postbank Black Cards to access their funds. Postbank CEO has confirmed that Gold Cards will remain active across all payment systems, including ATMs and point-of-sale (POS) machines. Speaking on VOC Breakfast earlier, Postbank spokesperson Bongani Diako explained, “Postbank temporarily suspended the issuing of Black Cards at all our […]

30 April 2025

Local

SASSA Confirms Indefinite Suspension of Postbank Black Card Issuance

The South African Social Security Agency (SASSA) confirmed on Tuesday morning that the issuing of Postbank’s black cards at sites across the country has been suspended indefinitely. SASSA spokesperson Paseka Letsatsi said the South African Reserve Bank (SARB) is expected to announce a new deadline for the discontinuation of the SASSA gold card. “SASSA remains hopeful that all beneficiaries will continue to receive their funds. We also want to emphasise […]

15 April 2025

Local

Cabinet extends the replacement of the SASSA card by one month

The South African Social Security Agency (SASSA) has extended the deadline for beneficiaries to switch to the new Postbank card until April 30. The extension aims to ensure a smooth transition and prevent disruptions in grant payments. Minister in the Presidency, Khumbudzo Ntshavheni, announced the outcome of the Cabinet meeting, stating that Postbank has met most of the South African Reserve Bank’s requirements, with card replacement being the final step. […]

28 March 2025

Local

Postbank black card rollout to continue beyond deadline

The South African Postbank has assured grant beneficiaries that they will continue to issue Postbank black cards, even after the deadline of March 20th. Postbank spokesperson Bongani Diako said if recipients have not yet transitioned, they will still get their grant through an alternate payment option at Post Office counters. “All SASSA beneficiaries using gold cards who have not migrated to Postbank black cards are urged to continue visiting Postbank […]

21 March 2025

Local

SASSA beneficiaries urged to switch to Postbank black cards before March 20 deadline

South African Social Security Agency (SASSA) gold card users must transition to Postbank black cards before March 20, as gold cards will be deactivated, leaving black cards as the sole means for beneficiaries to access their funds. Speaking on NewsBeat on Thursday, Postbank CEO Nikki Mbengashe provided an update on the migration process. “We reached one million last Friday, meaning over a million people have already switched to the new […]

13 March 2025

Local

Grant beneficiaries to replace their SASSA Gold Cards with the new Postbank Black Cards

The South African Social Security Agency (SASSA) and Postbank declared that grant recipients will not be able to use their SASSA Gold Cards to access their SASSA grant payments if they do not obtain Postbank black cards prior to the deadline, 28 February 2025. The final payments made using SASSA Gold Cards will be in the form of grants that began during the week of February 4–6, 2025. The Postbank […]

7 February 2025

Local

SASSA extends validity of expired gold cards

Following several concerns raised by the South African Social Security Agency (SASSA) grant beneficiaries about their gold cards expiring at the end of 2024, SASSA said beneficiaries should be rest assured that they will have access to their grants. Speaking on VOC Breakfast on Tuesday morning, Paseka Letsatsi SASSA national spokesperson said SASSA has extended the validity of the gold cards until their new system has been rolled out. “Grant […]

12 November 2024

Postbank

Download our new app

Download
our new app