‘Your grants are protected,’ says Put up Workplace regardless of monetary woes

The SA Put up Workplace has assured Sassa grant beneficiaries that their funds won’t be affected.

This after the Put up Workplace’s dire monetary scenario was laid naked in courtroom.

In a press release on Saturday, the Put up Workplace stated that beneficiaries had nothing to fret about as grant cash didn’t come from its income.

“The funds for social grants come from Nationwide Treasury by means of the division of social improvement and usually are not funded from the income of the SA Put up Workplace,” the assertion learn.

On Monday, the SA Put up Workplace’s retirement fund misplaced a Pretoria excessive courtroom bid to compel the Put up Workplace to proceed making contributions to the retirement fund regardless of the robust monetary challenges now dealing with the establishment on account of Covid-19.

Courtroom paperwork revealed that, as on the finish of July, the Put up Workplace had 1,416 operational branches of which solely 55 have been worthwhile. Postal providers income for the month was beneath funds by 49%, principally because of the Covid-19 laws. Bulk mail income was down by 39% within the month.

“The SA Put up Workplace skilled a dramatic discount in income throughout the lockdown interval and is now methods to enhance money flows,” the Put up Workplace stated.