First Take SA

Postbank given the green light to replace remaining SASSA Gold cards


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The South African Reserve Bank has gazetted the 4th Variation Notice, giving Postbank the green light to generate a new secure key and replace the remaining SASSA Gold Cards with upgraded Black Cards. The announcement came during a briefing to Parliament's Social Development Committee, where the Reserve Bank also highlighted the looming expiry of the SASSA–Postbank Master Service Agreement at the end of September. This development follows SASSA's decision to terminate its contractual arrangement with Postbank. Elvis Presslin spoke to Bridget Masango, Chairperson of the Portfolio Committee on Social Development in Parliament

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