According to the Banking Association of SA 1,400 ATMs and 269 bank branches were vandalised or destroyed
Nedbank ATMs destroyed during the looting in Diepkloof mall, Soweto. Picture: ANTONIO MUCHAVE/SOWETAN
“An indicative average replacement cost of an ATM in SA is R385,000, with additional installation costs,” Basa said. 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.
“To assist social grant recipients and those who live in areas where ATMs and branches have been destroyed, bank customers have been able to use any ATM, including those not operated by their own bank, without incurring additional charges, since Aug. 1 until September 30. 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.
Banks face R1.5bn bill for ATMs and branches attacked by lootersDamage 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.
Read more »
Banks face R1.5bn bill for ATMs and branches attacked by lootersDamage 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.
Read more »
Banks face R1.5bn bill for looted ATMs and branchesAccording to the Banking Association of SA 1,400 ATMs and 269 bank branches were vandalised or destroyed
Read more »
Banks face R1.5bn bill for looted ATMs and branchesAccording to the Banking Association of SA 1,400 ATMs and 269 bank branches were vandalised or destroyed
Read more »
Banks face R1.5bn bill for ATMs and branches attacked by lootersDamage 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.
Read more »
Banks face R1.5bn bill for ATMs and branches attacked by lootersDamage 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.
Read more »