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Gareth Ackerman, chair of the Consumer Goods Council of South Africa (CGC), says the government needs to take decisive action to combat illicit trade or “we're going to end up with a total mafia-driven state”.
This week’s decision by Postbank to temporarily stop social grant recipients from withdrawing their money at ATMs was prompted by the theft of R18m in just five days.
South African Social Security Agency grant beneficiaries using gold cards will not be able to withdraw their funds from ATMs in December.
South African Social Security Agency (Sassa) beneficiaries will receive their last old age and disability grant payments for the year this week.
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