On Thursday, the South African Social Security Agency (Sassa) successfully initiated a test case to directly pay about 100 social grant beneficiaries using commercial bank accounts of their choice as part of the January 2018 payment cycle. The pilot is part of a long-term plan to remove the payment of social grants from Net1 subsidiary Cash Paymaster Services (CPS) and for Sassa to undertake the function in house. It will be phased in an incremental manner until Sassa is able to operate and deliver a "one-stop" grant administration and payment service. The agency will be working with the South African Post Office (Sapo) in the implementation of the long-term plan. "With effect from February 1 2018, Sassa will continue to make direct deposits into all beneficiary commercial bank accounts. Sassa has received and confirmed details of the commercial bank accounts of 2,001,233 beneficiaries, who are receiving their social grants through banks," said Sassa CEO Pearl Bengu. She emphasised ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.