Cash Paymaster Services (CPS), which managed the distribution of welfare grants to more than 17-million South Africans, still owes the SA Social Security Agency (Sassa) about R1.5bn.

This is according to Sassa’s application filed in the high court in Pretoria in a bid to put a stop to CPS’s business rescue process and rather have the company liquidated.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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