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Post by cjm on Dec 17, 2016 17:27:00 GMT
I don't really care who is defrauding whom, but just wish they would use their own ATMs - and not my banks'.The payment of social grants next year to millions of South Africa’s poorest people is in jeopardy – and that appears to have much to do with the chaotic and dubious management of the relationship between the South African Social Security Agency and one company, Cash Paymaster Services. In this investigation, amaBhungane shows how the company got its current multi-billion rand contract using an apparently fraudulent empowerment deal – and then dumped its expedient fronts in favour of a politically connected businessman. ... Cash Paymaster Services director Serge Belamant used a thinly veiled black front to win a R10-billion South African Social Security Agency (Sassa) contract. Then he quietly dumped these black partners and used irregularly derived Sassa funds to sign on and pay off a businessman who regularly consorts with a close friend of social development minister Bathabile Dlamini – she oversees Sassa. ... In a lengthy email exchange, Belamant sidestepped key questions but said Cash Paymaster and its United States-listed parent company Net 1 UEPS had been “cleared on all counts” in investigations by US and South African authorities. ... amabhungane.co.za/article/2016-12-14-serge-belamant-and-the-useful-blacks
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