The government has handed Sassa grants over to American loan sharks and is robbing the poorest of the poor
For years the government has claimed it has been helping the poorest of the poor. Now, research by ILRIG (International Labour Research and Information Group), has shown that the government has given over control of the Sassa grants to the hands of an American loan shark called Net1. This company was set up in Florida, USA, in 1997. This American loan shark is parasiting on workers in Iraq , South Korea, UK, Namibia, Nigeria, Malawi, Cameroon, the Phillipines, India and Columbia. Net 1 has partnered with Grindrod to set up Grindrod retail bank, a loan shark. Your Sassa grant is paid into a Grindrod account. Grindrod also owns Moneyline lenders. They offer loans to Sassa grantholders at 68% per annum interest.