We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Grindrod Bank receives about R2.50 for every South African Social Security Agency (Sassa) card a year, says non executive director Pieter Uys. The profit on the Sassa accounts was about R35m a year, he said on Thursday. Uys, a Remgro director, said Grindrod Bank did not cross-sell banking services to the holders of its 10.5-million Sassa accounts. Remgro, which has a 23% interest in the bank’s holding company Grindrod, is one of five big shareholders.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.