, will not be kicked out of the national payment system, says the Reserve Bank.
The Reserve Bank, the guardian of the national payment system, had first ordered the Postbank to get its security up to the standard it demands from other banks by the end of March 2021. Nine months later, the Postbank had not yet complied, so the Reserve Bank issued another ultimatum, with a deadline this month.
The Reserve Bank has described"serious irregularities" in the Sassa cards, apparently referring to what the that compromised 12 million cards.
BISouthAfrica Yet they were quick with VBS
BISouthAfrica The payment is not assisting the people of South Africa I think different posture on the issues need to be addressed
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