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About 600 000 remaining SASSA gold cardholders will be called to swap to Postbank’s black cards in order to continue receiving their social grants.
- For more financial news, go to News24 Business.
Postbank will resume the rollout of its black cards from mid-April, continuing efforts to replace South African Social Security Agency (SASSA) gold cards.
In a statement, the government said approximately 1.5 million social grant beneficiaries had been issued black cards by 31 March 2025.
The rollout will continue, running from mid-April to July 2026. About 600 000 remaining gold cardholders will be called to swap to Postbank’s black cards in order to continue receiving their social grants.
The rollout follows the formal licensing of Postbank as a Financial Services Provider by the Financial Sector Conduct Authority. This forms part of efforts to build Postbank into a “sustainable and well-governed state-owned retail bank” after its separation from the South African Post Office in 2019, the statement said.

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