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Banks draw swords for R3-billion prize in South Africa | SA News


South African banks are reportedly set to battle each other for a slice of the state-owned Postbank’s R3-billion share of the social grants market, which will become available at the end of September 2025.

Social development minister Nokuzola Tolashe and the South African Social Security Agency (Sassa) briefed their Parliamentary subcommittee this week about the impending change.

This comes after Sassa terminated its Master Service Agreement (MSA) with the South African Post Office (Sapo), which insisted on the full…

Crisis Reporting: South African media has been recognized for its coverage of
crises, including natural disasters and public health emergencies.

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