On Thursday, the DA said it was opposed to social grant recipients being charged banking fees to access their payments. "The DA is concerned about the South African Social Security Agency’s (Sassa) revelations in Parliament yesterday that beneficiaries who receive their grants through ATMs will have to pay R10 in bank charges from April 1 2018‚" DA MP Bridget Masango said in a statement. "These charges will affect 5.4-million beneficiaries‚ who are among the poorest and [most] vulnerable in our society." Grindrod Bank announced on Wednesday that as of April 1‚ Sassa would no longer carry the cost of grant recipients’ banking charges. Grindrod provides banking services for Sassa grant recipients‚ paying 17-million grants to 10.6-million cardholders‚ amounting to R11bn a month. "These bank charges are due to Sassa not having a contract in place with Grindrod Bank. As a result‚ the bank will deduct R10 in bank charges to maintain its accounts with Sassa‚" Masango said. "The reality is ...
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