Trade union federation Congress of South African Trade Unions (COSATU) said that it is “extremely dismayed” by South African Social Security Agency’s (SASSA) announcement that it intends to end Postbank’s participation in processing social grant payments in favour of private banks.
Spokesperson Matthew Parks said it is equally disappointing that the SASSA decision undermines extensive interventions to try to stabilise and rebuild Postbank.
COSATU
He said that, with social grant recipients receiving so little and the cost of living continuously rising, they should be protected from fee deductions “to fund the profit margins of private banks”.
COSATU is now urging SASSA to reconsider its decision to phase out Postbank to provide social grant payments.
‘COSATU urges the South African Social Security Agency to reconsider its rushed phasing out of the Postbank as a service provider for social grant payments. We are extremely dismayed by SASSSA’s announcement of intent to end Postbank’s participation in processing social grant payments to millions of recipients that have no private banks. This bewildering move will see affected social grant recipients charged R10 per R1,000 withdrawal, while Postbank is reported not to deduct such fees,” said Parks.
In other news – Actress Nelisa Mchunu returns to ‘Uzalo’ along with Mondli Nkomo and Jamy Lee Simons
SABC1 and Stained Glass TV have announced casting updates for Mzansi’s most-watched TV show Uzalo, with fan favourite Nelisa Mchunu making her long-awaited return and fresh faces Mondli Nkomo and Jamy Lee Simons joining the telenovela.
Nelisa reprises her popular role as Fikile, while Mondli debuts as Mr Dongwe and Jamy Lee joins as Joanne Davids, a trio set to shake things up in KwaMashu in the coming weeks. Read More
