The Cash Paymaster Services (CPS) is taking the South African Social Security Agency (SASSA) to court over the tender for the payment of R80 billion a year of social grants in all nine the provinces.
The company, which claims that it was all set to win the tender, lost out when SASSA cancelled the tender last year.
CPS is owned by Nasdaq-listed Net1. Net1 chief executive, Serge Belamant said: “We know categorically we won all nine provinces on technical, financial and black empowerment criteria: we deserve it, and I want all nine.”
CPS is responsible for 65 percent of the country’s social grants, paying 4.5million people a month.
To read the article titled, “Social security agency sued over R80bn tender,” click here.