Damage to banks and ATMs during July's violence and looting will cost up to R1.5bn to repair, the Banking Association SA (Basa) said on Saturday.
Despite the shortage of functional branches and ATMs, no major incidents were reported in the distribution of social security grants or payment of salaries at the beginning of the month.
“Cash-in-transit companies were able to ensure that cash was available wherever it was needed. There was noticeable demand for grant payments at pay-points where retailers were able to restore their operations and provide essential goods. “This resulted in grant recipients making wider use of ATMs and reduced pressure on individual cashpoints.”
The statement said Sassa was encouraging beneficiaries to open bank accounts so that they can receive their grants directly.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
KZN teacher gets R1.6m after spending 13 months in jail for false rape chargeA teacher who spent more than a year in custody after being falsely accused of raping a child has been awarded more than R1.6m in damages.
Read more »
KZN teacher gets R1.6m after spending 13 months in jail for false rape chargeA teacher who spent more than a year in custody after being falsely accused of raping a child has been awarded more than R1.6m in damages.
Read more »
Police, NPA must pay R1.7m to ’scarred for life’ teacher unlawfully detained in connection with pupil's rapePolice Minister Bheki Cele and National Director of Public Prosecutions Shamila Batohi have been ordered to pay a Durban teacher falsely accused of raping a minor almost R1.7 million in damages. crime
Read more »
Multi-vehicle collision: Three killed, goods looted on the N2Looters targeted beer trucks involved two separate accidents in Gauteng and KwaZulu-Natal this week.
Read more »
'Take over that thing': EFF KZN members told to disrupt Zikalala’s appearancesThe party has taken issue with Zikalala after he was seen physically assaulting an alleged looter during an oversight visit last month.
Read more »
KZN teacher gets R1.6m after spending 13 months in jail for false rape chargeA teacher who spent more than a year in custody after being falsely accused of raping a child has been awarded more than R1.6m in damages.
Read more »