Net 1 says CPS is on track to pay out social grants on April 1
Responding to a Constitutional Court ruling on Friday, the company’s board said the subsidiary was committed to ensuring the pay-outs
19 March 2017 - 12:01
Net 1 UEPS Technologies (Net1) has given the assurance that its subsidiary‚ Cash Paymaster Services (ICPS)‚ will pay out 17 million social grants to 10.5 million recipients on April 1. Responding to the Constitutional Court’s ruling on Friday the company’s board said the subsidiary is committed to ensuring the pay-outs. The court ruled on Friday that the CPS contract be upheld for a further 12 months under stringent conditions.
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