Post by cjm on Jun 26, 2016 9:26:08 GMT
No doubt government is running out of money and thinks that they can do a cheaper job.
www.noseweek.co.za/article/3681/SAs-impending-social-grant-meltdown
This year Cash Paymaster Services (CPS), a subsidiary of the US-based Net1 Group will distribute R130 billion (close on R11bn a month) to 17 million South Africans (30% of the population) who are dependent on social security for their survival. But on 30 March next year, the company’s contract comes to an end. The Department of Social Development – by way of its division known as the SA Social Security Agency (SASSA) – proposes to take back that mammoth responsibility.
This year Cash Paymaster Services (CPS), a subsidiary of the US-based Net1 Group will distribute R130 billion (close on R11bn a month) to 17 million South Africans (30% of the population) who are dependent on social security for their survival. But on 30 March next year, the company’s contract comes to an end. The Department of Social Development – by way of its division known as the SA Social Security Agency (SASSA) – proposes to take back that mammoth responsibility.
