Today's Big Stories

Pensioners: Beware of dodgy credit providers

In a special report by EWN yesterday, more than 3 million elderly people are struggling to make ends meet with a monthly pension grant of R1,400.

It was also reported that pensioners are falling victim to illegal deductions or high interest rates or charges on credit. According to Sassa, of about 16 million South Africans currently receiving social grants about 500,000 are affected by unlawful or immoral debit deductions.

In most cases deductions from pensions are for airtime, electricity, water, funeral cover as well as micro-loans.

The Executive Manager of Benefits Transfer, South African Social Security Agency (SASSA), Frank Earl spoke to John this morning. He explains that they are on a drive to educate pensioners against getting into credit, as this doesn't leave them with much to live on.

The grant in itself is not sufficient to be able to service any credit that is extended to people. SASSA is continuing to educate beneficiaries not to enter into any service level agreements that would make them more . vulnerable because these companies use various ways of marketing their products.

Frank Earl, Executive Manager of Benefits Transfer, South African Social Security Agency (SASSA)

It could be immorality and some people are buying the services but unaware of the consequences of the high interest rates and repayments. In some cases the transactions are unauthorised because the client didn't sign a mandate to the financial service provider to say that you can debit my account.

Frank Earl, Executive Manager of Benefits Transfer, South African Social Security Agency (SASSA)

Listen to the full conversation below:


Recommended

by NEWSROOM AI
Read More
Veterans and ANC not on same page about terms of consultative conference

Veterans and ANC not on same page about terms of consultative conference

ANC vets want civil society groups present at the consultative conference, which they want held separately from another meeting.

Top SABC journos applauded for brave testimony

Top SABC journos applauded for brave testimony

EWN's Gaye Davis summarises the evidence of the SABC journalists who appeared before the ad hoc committee in Parliament.

If you're gona be a hero (and smash a car window), make sure you can prove harm

If you're gona be a hero (and smash a car window), make sure you can prove harm

A criminal lawyer explains what leg citizens can stand on if they witness a child or pet locked in a vehicle in risky conditions.

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

SABC 'in contempt of court' if Motsoeneng reports for duty, says DA

The DA's James Selfe says it is not clear whether SABC's Hlaudi Motsoeneng will be either fired or suspended pending an inquiry.

The plight of SA's pensioners put under the spotlight

The plight of SA's pensioners put under the spotlight

Pensioners across the country struggle to make ends meet and added deductions make getting by on social grants more difficult.

Is The Government Going To Take Your Pension Money?

Is The Government Going To Take Your Pension Money?

Bruce and Warren Ingram discuss how the proposed retirement reforms will affect your pension fund.

Popular articles
[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

[WATCH] Grootes's take on why EFF silent on Dlamini's SABC interview

702 Afternoon Drive host Stephen Grootes's comment involves past dealings that involve EFF national chair, Advocate Dali Mpofu.

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...