×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The Black Sash Trust has expressed concern over the new social grant payment system that will see recipients getting their grants from banks‚ various merchants and spaza shops from April 1. According to the trust‚ the new hybrid model is confusing with regards to how cash payments will be made to beneficiaries. "We remain concerned by the lack of clarity around the proposed hybrid payment model‚ in particular how cash payments will be made‚ as well as the transfer of beneficiaries to commercial bank accounts‚" the trust said in a statement. "Both these options present an opportunity for CPS [Cash Paymaster Services] and Net1 to continue the payment of social grants beyond 31 March 2018."

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now