It remains to be seen whether social grants will be paid on April 1. But now it has emerged that 17-million poor people, who depend on Sassa grants, are allegedly "at risk" of being financially exploited by a multinational Net 1 UEPS Technologies Inc Group. One of the companies owned by the group is Cash Paymaster Services (CPS), which has been distributing grants to beneficiaries. While some details seeped into the public eye in recent months‚ documents filed by the Black Sash Trust in the Constitutional Court contain explosive allegations and evidence of how the organisation may have fleeced beneficiaries of millions of rands. Some Net1 group companies offered loans to beneficiaries and would make deductions from their grants. This‚ said trust advocacy manager Elroy Paulus‚ was in violation of the Social Assistance Act. He also said airtime was offered on credit by group companies. "There is growing evidence that disputed deductions by Sassa beneficiaries have come off their bank ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.