CPS says there isn't enough money to payout cash grants

Cash Paymaster Services (CPS) says it doesn't have enough cash to pay social grants in June.

CPS claims the South African Social Security Agency (Sassa) has not paid for its service to pay social grants in cash.

The controversial provider has now approached the Constitutional Court to break the impasse over how much it may charge for its services.

CPS says it only has enough cash reserves to last until the end of May, reports EWN's Lindsay Dentlinger.

CPS have stopped short of saying what's going to happen if they don't get money.

Lindsay Dentlinger, EWN reporter

This is largely a dispute that CPS is having with Treasury about what they should be paid.

Lindsay Dentlinger, EWN reporter

Since the court extended this CPS contract in March, CPS has not been paid.

Lindsay Dentlinger, EWN reporter

The contract between Sassa and CPS was extended until September earlier this year.

Read: 'We couldn't oppose extended CPS deal because Sassa didn't present alternatives'

At the same time, Sassa has canceled the tender to find a service provider to pay recipients who receive their grants in cash.

This is apparently in order to review the tender process and ensure that it meets the legal requirements.

Take a listen to the EWN update:


This article first appeared on CapeTalk : CPS says there isn't enough money to payout cash grants


Recommended

by NEWSROOM AI
Read More
Sars office operated with skeleton staff to allow union meeting, says caller

Sars office operated with skeleton staff to allow union meeting, says caller

Senior citizen 'Ruth' called in to the John Maytham show to say a Sars office was depleted after announcement of union meeting.

Why did security fail when CCTV cameras picked up train-fire suspects?

Why did security fail when CCTV cameras picked up train-fire suspects?

EWN's Kaylynn Palm reports on Transport Minister Fikile Mbalula's presser after 18 carriages burnt out at Cape Town Station.

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Recreational lobster fishing: 'Brochure two-seasons-old but still applies'

Fisheries Management's Wendy West clarifies questions around the current West Coast rock lobster recreational fishing season.

Sassa CEO: 'The situation is bad...but I don't want alarm you'

Sassa CEO: 'The situation is bad...but I don't want alarm you'

Acting Sassa CEO, Abraham Mahlangu, gives a status update on grant payments.

'We couldn't oppose extended CPS deal because Sassa didn't present alternatives'

'We couldn't oppose extended CPS deal because Sassa didn't present alternatives'

Black Sash says it will monitor CPS and Sassa's efforts to find another service provider to take over social grant payments.

ConCourt extends Sassa contract with CPS

ConCourt extends Sassa contract with CPS

Sassa filed an urgent application for the extension earlier this year.

Popular articles
[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.