SAPO

Revealed: payment disputes almost crashed South Africa’s multi-billion rand social grant system more than once last year, forcing Postbank to irregularly cough up for services it was supposed to have been delivering itself in the first place.

Stories

R90m hack at Postbank kept under wraps

Dewald van Rensburg
March 30, 2022

Unknown individuals, most likely working from inside the aspiring state-owned Postbank, stole millions through the social grant system late last year. The breach, which has been kept a secret, is the second time the SASSA payment system has been compromised since Postbank took charge of the social grant payment system in 2018.