Post Office reassures social grant recipients

The South African Post Office has a recorded a loss of nearly R1-billion in the first quarter, almost equalling the total from the previous full financial year. Courtesy #DStv403

JOHANNESBURG - The Post Office said its financial constraints will not affect the recipients of social grants.

READ: Post Office seeks government assistance


This follows reports that the Post Office is in need of pre-funding for the upcoming social grant payments in October.

However, it's moved to assure recipients and said funds for social grants come directly from the National Treasury, and not the SA Post Office's revenue.

The entity admits in a statement, that it's experienced a dramatic reduction in revenue during the lockdown period, and is currently looking at ways to improve cash flow.

Source
eNCA