GAUTENG – The Economic Freedom Fighters (EFF) said it is horrified by the revelations made by the Executive Manager of grants administration at the South African Social Security Agency (SASSA) that Grindrod Bank is going impose R10 bank charges on beneficiaries of SASSA withdrawing their subsidiary.
Questions rise following the announcement by the Former Minister of Finance, Malusi Gigaba that “the Child Support grant will increase from the baseline of R380 to R400 on 1 April and to R410 on 1 October” announced on the 2018 Budget Speech.
“Grindrod is owned by Johan Rupert, who despite being a greedy and callous capitalist, he still submits tenders to the State at the expense of poor beneficiaries of social grants,” said the EFF spokesperson Mbuyiseni Ndlozi.
The EFF said it has already written to the South African Reserve Bank, SASSA and National Treasury to question the legitimacy of Grindrod’s contract.
“If Grindrod continues with this outrageous intent to impose bank charges on poor people in an illegitimate contract after making billions throughout the existence of the contract, the EFF will close all Remgro businesses and take out Remgro products from all retail stores.”
The party said the final and sustainable solution to this matter is a state bank, which will clear grants money to all beneficiaries without subjecting them to bank charges and will instead benefit the poor.