Postbank CEO Nikki Mbengashe recently informed Parliament’s Social Development Committee that the institution has issued over 900,000 Postbank Black Cards as of Monday.
She expressed confidence that the total number would surpass one million by the end of this week or early next week.
Progress in Replacing SASSA Gold Cards
The transition from the South African Social Security Agency (SASSA) Gold Card to the Postbank Black Card has been under scrutiny due to concerns over the slow replacement process.
However, the deadline for completing the switchover has been extended to March 20 to facilitate a smoother transition.
Rapid Increase in Card Issuance
Mbengashe highlighted the significant acceleration in the distribution of Black Cards, noting that more than 20,000 cards are issued daily. She further emphasized a recent boost in distribution capacity, stating:
“We are now issuing approximately 26,000 cards per day on average across the country, marking a remarkable 61% improvement.”
With this pace, Postbank is committed to ensuring that all SASSA beneficiaries receive their Black Cards by the end of June.
Why the Transition to Postbank Black Cards?
The shift from Gold Cards to Black Cards is being implemented to introduce biometric authentication and advanced encryption technologies, enhancing security and ensuring quicker access to grant payments.
| Key Changes in Card System | Benefits |
|---|---|
| Biometric Authentication | Added security against fraud |
| Enhanced Encryption | Protects user data from cyber threats |
| Faster Payment Processing | Grants are accessible more efficiently |
Over 330,000 Cards Issued in Less Than Two Weeks
Over the past 12 days, Postbank has successfully issued more than 334,000 Black Cards. The institution is making every effort to ensure that all beneficiaries receive their cards promptly while maintaining uninterrupted access to their grants.
Assurances on Grant Accessibility
Addressing concerns regarding accessibility, Mbengashe reassured beneficiaries that even if they have not yet received their Black Cards by April, their funds will remain accessible:
“We are working tirelessly to ensure that whether you have a Yellow or Black Card, your grant money will be deposited into your account without interference.”
Introduction of Cardless Cash Withdrawals
To ease the transition and manage queues efficiently, Postbank has introduced an alternative solution: cardless cash withdrawals.
“Cardless withdrawals serve as a temporary measure to prevent beneficiaries from leaving empty-handed. This option is available when necessary, but it is not our primary solution,” explained Mbengashe.
Postbank is making significant strides in replacing SASSA Gold Cards with the more secure and efficient Black Cards. With daily issuance rates increasing and the March 20 deadline approaching, the institution remains committed to ensuring that all beneficiaries receive their new cards and continue accessing their grants without disruption.
FAQs
Why is Postbank replacing the SASSA Gold Card?
The Black Card introduces biometric authentication and advanced encryption, improving security and facilitating faster transactions.
When is the deadline for receiving a Black Card?
The deadline has been extended to March 20, 2025.
What happens if I don’t have my Black Card by April?
Postbank assures that you will still be able to access your funds, whether using a Yellow or Black Card.
How many Black Cards has Postbank issued so far?
As of Monday, over 900,000 cards have been issued, with expectations to surpass one million soon.