SASSA beneficiaries cannot withdraw cash due to the closure of Cash Pay Points (CPPs) at post office branches in cities and towns in February 2024 because Postbank has started the closure of CPPs for SASSA social grants recipients in the first phase. The reason is that the outlets bear losses; according to Postbank, every outlet that has 50 beneficiaries can…
In South Africa, elections were held on 29 May 2024. After two weeks, Cyril Ramaphosa announced their presidency during his second term. Before the elections, there was uncertainty about the future of SASSA grants because the biggest opposition party, the Democratic Alliance (DA), had negative views regarding the SASSA grants policy. But now, the DA has made…
The most widely known South African Social Security (SASSA) grant is Social Relief of Distress SRD R350 (Now known as SASSA SRD R370). The grant was recognized as SRD R350 because SASSA paid an amount of R350 to each beneficiary; now, it is enhanced. In February 2024, President Cyril Ramaphosa announced that his government would extend the grant…
On Wednesday, February 21, 2024, the Minister of Finance, Mr Enoch Godongwana, presented the annual budget on the floor of the National Assembly at City Hall in Cape Town. During the budget speech, Enoch announced an accumulation regarding the SASSA Annual Budget allocation. The Minister asserted that these grants are meant to support 19 million South African…
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