Sassa SRD Grant Payments Will Not Be Affected By Post Office Liquidation

Sassa SRD Grant Payments Will Not Be Affected By Post Office Liquidation

The South African Social Security Agency says they have measures in place to ensure that social grants will be paid on time even as the future of the South African Post Office looms.

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Sassa SRD Grant Payments Will Not Be Affected By Post Office Liquidation

Sassa has assured social grant beneficiaries that alternative plans will be made for grant payouts. South African Post Office has been put on provisional liquidation following a recent announcement.According to Post Office’s most recent financial statements for the period from 2021/2022 to the end of March 2022, the state-owned company owed more than R4.4 billion to creditors and its debt exceeded its assets by R4 billion.

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Paseka Letsatsi, Sassa spokesperson, said that they have engaged stakeholders in their grant distribution chain to facilitate alternative payment methods.

  • It is our intention to engage online stakeholders, including the Post Office itself, the Post Bank in this instance, as well as the banks and retailers, to ensure that if the Post Office is indeed liquidated, the beneficiaries will not necessarily suffer to receive what they deserve

Communicating the current developments to grant beneficiaries has been the main concern. There are grant recipients with gold cards that are due to expire and need to be swapped at SAPO.

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Letsatsi has also confirmed that they have already presented their communication strategy to ensure stakeholders share legitimate information with grant recipients. As they are in close proximity to beneficiaries, community leaders, churches, and schools should be involved.

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