The cost of preparing the Social Security Agency of SA (Sassa) for taking over the payment of social grants to 17-million beneficiaries will be about R6bn, says Social Development Minister Bathabile Dlamini. It is the first time a price tag has been attached to the takeover of the payments that is currently being undertaken by Net1 subsidiary Cash Paymaster Services. Dlamini told Parliament’s social development committee on Wednesday the R6bn should be seen as an investment and it would take about five years to finalise the takeover process. Sassa CEO Thokozani Magwaza insisted CPS would be phased out in 12 months as instructed by the Constitutional Court. If necessary, an organisation would be phased in to take over from CPS if Sassa was not ready to do so, he said. That organisation would work with Sassa for about five years. Sassa planned to appeal against the judgment handed down on Tuesday by the High Court in Pretoria that allowed Net1 to continue to make deductions from soci...

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