Overview

• Postbank CEO Nikki Mbengashe said the Master Services Agreement with Sassa did not terminate on 30 September and remains in place for now.
• Postbank reiterated that no beneficiary will go unpaid and that grant payments continue through retailers and ATMs.
• Both Sassa Gold Cards and Postbank Black Cards remain valid, with Gold Cards to be replaced over a planned 15‑month transition.
• Postbank says the agreement remains effective until an Inter-Ministerial Committee is constituted and has deliberated, while the broader dispute is unresolved.
• A recent High Court ruling dismissed Postbank’s urgent application tied to the contract dispute, and the SCOPA chair urged swift government decisions to end uncertainty.