Nhlanhla Nene wants to pay Net1 less than it is asking for
The Treasury has recommended that Net1 UEPS Technologies be paid 24% less than it has requesting for a six-month extension to pay social welfare grants at cash pay points. In documents submitted to the Constitutional Court, Finance Minister Nhlanhla Nene recommended that the company’s Cash Paymaster Services (CPS) unit be paid a monthly R51 per welfare recipient at a cash pay point compared with the company’s request for R66.70. It also said that CPS had failed to furnish it with "material information". The South African Social Security Agency (Sassa) requested the extension after if failed to make adequate arrangements for a replacement for Net1. A tender to do so had been cancelled because of complaints about the omission of information by Sassa and would be reissued, Social Development Minister Susan Shabangu said in court documents last week. The government is seeking a new distributor of social security payments that cost more than R150bn annually, after the Constitutional Cour...
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