Post Office on track to take over Sassa payments

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A French postal service's employee stamps letters at Lesquin's sorting office, on September 26, 2013, in Lesquin, northern France.

JOHANNESBURG - The Post Office says it'll take over social grant payments from CPS once a few matters are finalised.

The handover was put in jeopardy when Sassa CEO, Thokozani Magwaza, resigned yesterday.

Pearl Bhengu has been named the agency's interim CEO.

Mark Barnes, CEO of the Post Office, says the Post Office received a letter seeking a collaborative solution "to develop a solution with them uniquely for the payment of social grants for a period not exceeding 5 years.

"We're going to work on this together as two sister-companies of government. We believe we can do it, We've demonstrated that to the technical team. This was now going down to the meat of it and the deviation to engage with us uniquely was supported by treasury and I have both those documents in writing. So it was an invitation to come into their house and work with them to provide a solution for the country."

WATCH: Stop harassing me, Dlamini tells journalists

Social Development Minister, Bathabile Dlamini has on a condition, agreed to a public inquiry into whether she should personally pay the legal costs of the South African Social Security Agency (Sassa) grants debacle.

Dlamini’s condition is that the inquiry not be led by former Deputy Chief Justice Dikgang Moseneke.

The Constitutional Court will decide which retired judge will lead the Dlamini inquiry, which will be the first of its kind in democratic South Africa.

READ - Dlamini conditionally agrees to Sassa public inquiry

“Friends of the court” (Treasury, Sassa, Freedom Under Law and Black Sash) all want retired Deputy Chief Justice Dikgang Moseneke to lead the investigation but Dlamini isn’t happy with that prospect.

Net1 made R1-billion in profit from its unlawful contract with the South Africa Social Security Agency (Sassa), according to KPMG.

Over a period of five years, Net1 subsidiary Cash Paymaster Services (CPS) maintained a 12.2-percent  profit margin giving out social grants, a KPMG audit shows.