Treasury letter – Sassa should not have disqualified Post Office

A letter by National Treasury to acting South African Social Security Agency (Sassa) CEO Pearl Bhengu says the agency should not have disqualified the South African Post Office (SAPO) from three possible services in the social grants scheme. Treasury was given a week last Wednesday to review all the deal points of the then-collapsing deal […]
Continue reading…

Enjoyed this post? Share it!

 
 

EXCLUSIVE: Cash Paymaster Systems made R1-billion profit paying social grants

Over the past five years Cash Paymaster Systems recorded a pre-tax profit of R1.1-billion from paying social grants on behalf of the government, the outsourced service provider told the Constitutional Court on Tuesday. After tax the net profit came to R705-million, the now infamous American-listed company said. That translates to a profit to shareholders of […]
Continue reading…

Enjoyed this post? Share it!