CPS ‘kept on hold until last minute’
With just seven weeks from a crucial deadline, Sassa is still only seeking an ‘exploratory meeting’ with CPS
Executives from Cash Paymaster Services (CPS) have had in-depth discussions with the South African Social Security Agency (Sassa) over the past year about the payment of 17-million social grants after March 31, but there was no formal expression of intent by Sassa until Thursday. During a conference call with analysts on Friday, Serge Belamant, the CEO of CPS holding company Net1 UEPS, said CPS had spent time with numerous Sassa executives and committees over the past year, making sure they were aware of "our solution". He said those in-depth discussions were not shared with either the Treasury or members of the public, "who don’t really understand the enormous complexity of what this job entails". Thursday’s letter was the first formal communication between Sassa and CPS. Although it is just seven weeks from the crucial deadline, Sassa was still only seeking an "exploratory meeting" with CPS, with a view to discussing the transition of the Sassa contract and establishment of a new ...
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