The great Sassa swindle – Postbank theft of R89.4m via social grant system kept under wraps

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.