ConCourt orders CPS to file all records relating to its illicit profits
The court has given Cash Paymaster Services 15 days to provide all documents that will allow the treasury to calculate the sum it needs to refund the social security agency
NET1
Net1 subsidiary goes to court to compel Sassa to pay grants into its accounts
Moneyline claims that the South African Social Security Agency has moved beneficiaries to the South African Post Office against their will
Bathabile Dlamini slapped with court costs, possible perjury probe
The Constitutional Court has ruled that Bathabile Dlamini is personally liable for 20% of costs of last year’s Sassa debacle
SA waits on information regulator
The process of setting up the new body to help safeguard our democracy has met with obstacles
Grants back in court
In May last year the high court ruled that CPS could continue to deduct money for airtime, loans and electricity from social grant beneficiaries
President must move grant payment to Treasury to ensure payment on April 1
A panel of experts expects Sassa to renege on its Constitutional mandate to pay grants to over 10-million recipients.
CPS wants ConCourt to clarify it can still be awarded tenders to pay grants
CPS argues no party during the court process suggested that it should be barred from participating in any future tenders in regards to grant payment.
How Cell C was bought with its own airtime
The airtime deal is hiding in a complex web involving controversial new majority shareholders Blue Label Telecoms and Net1
How Serge beat Net1’s shareholders
But there is still hope for a precedent that will keep companies honest
Net1 to pay outgoing CEO Serge Belamant a cool R263-million
From this Wednesday, the company will pay him a salary of some R660 000 per month to work for at most a half-day for up to two more years
For Net1 a big profit is a big problem
For years Net1 had been criticised about its financial dealings with grant recipients, such as selling them life insurance.
EXCLUSIVE: CPS made R1-billion profit paying social grants
Over the past five years it has recorded a pre-tax profit of R1.1-billion, Cash Paymaster Services has told the ConCourt.
CPS to face R317m claim on its own
Cash Paymaster Services is on its own after the social grant agency withdrew from the case
Net1 scores in social grant ruling
The company gets the go-ahead to debit the accounts of social grant beneficiaries.
Money Magda kicks Net1 butt
Magda Wierzycka might be the richest woman in SA but she hasn’t lost sight of those with very little
Net1’s tentacles everywhere
Grant recipients are often at a loss about who they are dealing with, which makes them vulnerable
