In February, more than 450,000 South African Social Security Agency (SASSA) beneficiaries successfully transitioned to Postbank black cards, a remarkable increase as the Thursday deadline looms.
This significant shift in the registration process was revealed during a media briefing held by both Postbank and SASSA on Monday.
Aiming for 2.6 Million Beneficiaries
Postbank’s ultimate goal is to ensure that all 2.6 million beneficiaries are registered by the set deadline. The migration process officially began in September, though initial registration numbers were lower than expected.
However, the announcement of a February 28th deadline sparked a noticeable increase in applications.
Leveraging Retail Stores and Post Offices for Registration
To manage the surge in applications, Postbank has employed retail stores and post offices as key points for handling registrations.
Despite facing challenges such as long queues and staff shortages, the organization responded by increasing the number of service centres to a total of 329.
Postbank’s Success in February
Postbank’s efforts have proven effective, as over 450,000 beneficiaries were successfully migrated within just one month.
Postbank CEO Nikki Mbengashe highlighted the achievement, emphasizing that 46% of the million registrants were processed in February alone. This milestone demonstrates that the bank is capable of managing the migration process efficiently.
Mbengashe further mentioned that over 200 registrations are being completed daily, showcasing the continuous momentum in meeting the registration target.
Key Statistics and Facts
| Statistic | Data |
|---|---|
| Total Beneficiaries to be Registered | 2.6 million |
| Beneficiaries Migrated in February | 450,000 |
| Percentage of February Goal Achieved | 46% |
| Total Number of Service Centres Increased | 329 |
| Daily Registrations | Over 200 |
Postbank’s strategic efforts have led to a significant increase in registrations, with over 450,000 SASSA beneficiaries successfully migrating to the Postbank black cards in February alone.
With over 200 registrations occurring daily and 329 service centres in operation, Postbank is on track to meet its goal of registering all 2.6 million beneficiaries by the Thursday deadline.
This streamlined process highlights the organization’s capacity to manage such a large-scale migration efficiently, ensuring that millions of beneficiaries continue to receive their social security benefits seamlessly.
FAQs
How many beneficiaries were migrated in February?
In February, 450,000 beneficiaries successfully migrated to the Postbank black cards.
What is the final goal for beneficiary registration?
The goal is to register all 2.6 million beneficiaries by the given deadline.
When did Postbank start the migration process?
The migration process began in September.
How is Postbank managing registrations?
Postbank is using retail stores and post offices to facilitate registrations, alongside increasing the number of service centres to 329.