Sassa to meet Cash Paymaster Services as social grants deadline looms
This week's meetings coincide with the distribution of the final grants in terms of the contract Sassa awarded to CPS in 2012
The South African Social Security Agency (Sassa) has scheduled a meeting with Cash Paymaster Services (CPS) for Wednesday to discuss the payment of social grants after March 31. The Treasury, which is unhappy about the costs of distributing the grants, is expected to participate in the meeting. Three days have been set aside for the negotiations, which will coincide with the distribution of the last grants in terms of the contract Sassa awarded to CPS in 2012. On Tuesday, ahead of the critical meeting, Sassa is due to appear before the parliamentary standing committee on public accounts. In November 2016, Sassa was subjected to an intense grilling by Scopa, which was looking into R1.1bn in irregular spending by the agency. News of the meeting between CPS and Sassa was contained in a Sens announcement issued on Friday by CPS’s holding company, Net1 UEPS, which is listed on the JSE and on the Nasdaq in the US. In terms of listing requirements, Net1 is obliged to disclose information o...
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