Net1 boss on social grants: 'We have done nothing wrong'
'We are the ones taking the blame for everything, although we are probably the ones that shouldn't be blamed for anything'
By JAN BORNMAN, ARON HYMAN, ERNEST MABUZA and PHILANI NOMBEMBE NET1 boss Serge Belamant, whose company, Cash Paymaster Services, is at the centre of the pension grants crisis, has come out fighting. He said yesterday the time had come to set the record straight.“My board has said to me: ‘Serge, it's about time you started fighting back and give people facts and let them decide because we are the ones taking the blame for everything, although we are probably the ones that shouldn't be blamed for anything.” Cash Paymaster Services is part of Net1, of which Belamant is the CEO. CPS is expected to sign a new two-year contract with the Department of Social Development tomorrow, despite a 2014 Constitutional Court ruling that a previous contract between the two was invalid.
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