JOHANNESBURG - The Constitutional Court has sounded the death knell for Cash Paymaster Services.
It has ordered the embattled company to repay over R81-million in unlawful profits to the Social Security Agency.
The ruling relates to the long-running social grants case involving an invalid contract between 2012 and 2018.
The court previously allowed the contract to continue to avoid disrupting beneficiaries.
It has now ruled that profits made from the unlawful agreement must be repaid. This is despite the company’s ongoing liquidation.
Sassa is already seeking separate substantial refunds, including approximately R633-million in previously proven claims and R75-million for work that was never performed.