Anyone curious about what might be happening with the distribution of social grants after next March would be advised to keep an eye on the Net1-UEPS website. It is an outside chance and might come to nothing, but it would probably be more useful than, say, attending a parliamentary presentation by the South African Social Security Agency (Sassa) and Social Development Minister Bathabile Dlamini. For the moment, no one appears to have a clue about what is going to happen when the contract run by Net1 subsidiary Cash Paymaster Services (CPS) ends in March. Sassa may have a brilliant plan up its sleeve; so far up its sleeve that not even the banks or Shoprite and Pick n Pay know anything about it. Alternatively, it may have no plan at all other than to declare an emergency and let CPS keep distributing the grants. If this is the "plan", then at some stage, hopefully very soon, Sassa will have to talk to Net1. And because the Sassa business makes a significant contribution to Net1’s fi...
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