Post by cjm on Mar 21, 2017 12:28:27 GMT
I have always thought that
(a) NO deductions are allowed from the grants
(b) That the entire process is statutory regulated (ie not subject to contractual variation).
Another issue raised in the article below is the use of the personal info of grant receivers.
The article assumes that a parallel database (containing personal information) is run by Grindrod.
In the light of another investigation, I think Grindrod gets its info directly from CPS. It seems that
Grindrod exploits its association with CPS in that for some purposes it acts as if it is part of the grant
system and in others it pretends to be an independent banking service. Presumably once the grant
is paid into an independent banking account, debit orders are allowed - the money loses its
character as a grant. Is Grindrod such an independent bank? Do the recipients have an option to
have the grant paid directly into another account? How does this system fit into the use of auto
tellers of other banks because I can vouch for the disruption at local auto tellers when the grants are nigh.
Grindrod claims to focus on "meeting the needs of high-net-worth individuals, large corporations and institutions."
So, this business is conducted largely under covers. Rupert is a major shareholder in the bank. Noteworthy is that
in relation to CPS, investor Alan Gray has developed a sudden spasm of social consciousness.
The forgotten party in the Sassa debacle: Grindrod Bank
(a) NO deductions are allowed from the grants
(b) That the entire process is statutory regulated (ie not subject to contractual variation).
Another issue raised in the article below is the use of the personal info of grant receivers.
The article assumes that a parallel database (containing personal information) is run by Grindrod.
In the light of another investigation, I think Grindrod gets its info directly from CPS. It seems that
Grindrod exploits its association with CPS in that for some purposes it acts as if it is part of the grant
system and in others it pretends to be an independent banking service. Presumably once the grant
is paid into an independent banking account, debit orders are allowed - the money loses its
character as a grant. Is Grindrod such an independent bank? Do the recipients have an option to
have the grant paid directly into another account? How does this system fit into the use of auto
tellers of other banks because I can vouch for the disruption at local auto tellers when the grants are nigh.
Grindrod claims to focus on "meeting the needs of high-net-worth individuals, large corporations and institutions."
So, this business is conducted largely under covers. Rupert is a major shareholder in the bank. Noteworthy is that
in relation to CPS, investor Alan Gray has developed a sudden spasm of social consciousness.
The forgotten party in the Sassa debacle: Grindrod Bank