where does sassa money come from 2023-2024

The South African Social Security Agency is funded by national taxes. The progressive income tax rate in South Africa reportedly ranges from 18 to 41%.

Is the government supporting Sassa?

The South African Government-backed Retirement Organization oversees social award applications (SASSA). The Services portion of this website contains details about social grants and how to apply in each of South Africa’s official languages. The honorees are: Elderly recipients of grants (pension for the elderly)

If funds in a Sassa account are not withdrawn, are they lost?

Any SASSA grant payments that have already been obtained cannot be reversed unless there are persons who have not yet withdrawn the money. The technology is capable of quickly detecting that. They can obtain the money that is waiting for them later since they don’t run out.

How are Sassa’s grants handed out?

Beneficiaries of SASSA can choose to receive their payments via CashSend, their SASSA card, or by having the money transferred straight into their bank account. Pick & Pay, Boxer, USave Merchants, Checkers, and Shoprite are a few of these supermarkets.

Sassa uses which bank?

Services for Post Bank/Cash Send
Beneficiaries access their grant monies in this way using their ID numbers and phone numbers.

Where Does SASSA Get Its Money?

Answer: The South African Social Security Agency is funded by national taxes. The progressive income tax rate in South Africa reportedly ranges from 18 to 41%.
The recipients of these SASSA funds must be South African citizens or permanent residents, earn less than a specific amount, and pass a means test.

SOCIAL GRANTS