Postbank suffered financial losses of close to R89 million

The Communications and Digital Technologies Minister Solly Malatsi has revealed that the money that was stolen at Postbank included social grants. He has confirmed that he has referred the forensic report on governance and financial breaches at the Postbank to the Hawks.

PostBank post office

The report indicates that Postbank suffered financial losses of close to R89 million due to fraudulent activities between 2021 and 2022. Malatsi presented the report before Parliament yesterday.

“What makes this cash theft even more repugnant is that some of this money was stolen from vulnerable social grant beneficiaries and ordinary South Africans who were saving for a better future. We will use the full might of the law to fight anyone who dares rob citizens. I expect decisive action to ensure that public entities are run ethically and with integrity, for the benefit of our citizens, and not criminals.

Source: eNCA

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Thabiso Sikwane‘s family has officially confirmed the details for her memorial and funeral services, offering loved ones and supporters an opportunity to pay their final respects.

Thabiso Sikwane

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