SASSA issues stern warning about loan sharks

SASSA

The South African Social Security Agency (SASSA) would like to clarify and emphasise to the social grant beneficiaries that the Agency does not provide proof of payment to the beneficiaries to apply for loans to the loan sharks.

The Agency is issuing out this warning after numerous calls were received by the customer care unit, where
beneficiaries are requesting proof of payment to apply for loans.

All social grants beneficiaries must be aware that they are not allowed to take loans and make payment with the social grant money .The social grant is not for luxury life but targeted very poor households to alleviate poverty. It enables beneficiaries to purchase basic needs.

Beneficiaries must note that SASSA is not a profit making financial institution but it was created by government with a sole mandate to administer the provision of social grants payment services.

It was created as a tool to fight against poverty and malnutrition to the vulnerable groups in society. SASSA constitutional and legislative framework is derived from the Social Assistance Act.

Beneficiaries are advised not to take IDs and SASSA cards as guarantee assurance to the loan shark as they abuse and access social grants before the beneficiary can withdraw it.

Then beneficiaries runs into SASSA on self-inflicted or unnecessary problems.

No deduction of loans, electricity and airtime are allowed on social grants payment.

For more information contact our toll free number 0800 60 10 11 from 08:00 to 16:00 during weekdays Monday  to Friday.

  AUTHOR
Amanda Mthembu
Journalist

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