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.
Post bank has also been advised to honour all transactions on these cards.
According to a statement issued by SASSA, 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.
The statement read: “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.”
The statement explained that SASSA remains hopeful that all beneficiaries will continue to receive their money while also emphasising 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.
