CAPE TOWN, Oct. 20 (Xinhua) -- The following are news highlights in South African major news outlets on Saturday.

-- South Africa has fallen in the Absa Africa Financial Markets Index for 2018 and no longer tops the index across all six pillars as it did in 2017.

The country has been overtaken by Kenya on the "access to foreign exchange" metric, and by Nigeria in the "market transparency, tax and regulatory environment" pillar. (Fin24)

-- Concerns were raised on Friday afternoon about whether sourcing all social grant payment services from the Post Office is the best idea.

The Post Office took full responsibility for the payment of social grants in October, ending a highly controversial contract with the Cash Paymaster Services. (Eyewitness News)

-- Home Affairs Minister Malusi Gigaba on Friday launched the Refugee Reception Center in Port Elizabeth, Eastern Cape Province for new asylum applicants.

He said the center will assist in rooting out corruption that hinders services towards refugees in the area. (South African Broadcasting Corporation) Enditem