Corruption Watch said it would look to the court to secure some form of guarantee from Cash Paymaster Services (CPS) before agreeing to grant it the authority to appeal against the recent ruling requiring it to repay R316m to the South African Social Security Agency (Sassa). An appeal could take years to finalise, by which time CPS may not be in a position to make the R316m repayment to Sassa if it loses the case. The sum to be repaid could rise above R450m if the appeal court agrees with the High Court in Johannesburg that the interest backdated to May 2014 must be included. CPS has tendered for new work with Sassa and also with the South African Post Office but there is no clear indication it will win this work. At present, CPS’s income is based almost entirely on its contract to distribute social grants on behalf of Sassa. Though this contract has been extended to end-September it is unlikely to be extended again. This could leave CPS in a financially precarious position by the t...
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