National Property Portfolio on Auction

National Property Portfolio on Auction
Loading

SASSA awards R10bn contract

January 18 2012 at 10:09am

Comment on this story

Rand money1111

.

Financial organisation Cash Paymaster Services has been appointed as the new contractor in charge of social grant payments, the SA Social Security Agency (Sassa) said on Wednesday.

“The contract will run over a period of five years at a cost of approximately R10 billion, distributing grants to the value of approximately R500bn over the same period,” Sassa spokeswoman Lumka Oliphant said in a statement.

“It is envisaged that Sassa will, through this contract, achieve its objective of standardising the services while allowing beneficiaries flexibility to be paid anywhere in the country.”

“This is the first time that Sassa awards a payment contract as previously it was extended based on the provincial contracts,” she said.

Oliphant said 128 bids for the contract were submitted to a committee of senior government officials for evaluation.

“These bids were subjected to rigorous evaluation and adjudication in conformity with the bid document,” she said.

After consulting with the two director generals for the department of social security, Sassa chief executive Virginia Petersen awarded the contract to Cash Payment Services.

“In this contract, the unit cost has been capped to R16.50 for the duration of the contract. This would bring saving of R3bn over a contract period of five years,” Oliphant said. - Sapa


sign up
 
 

Comment Guidelines


  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

     

Join us on

 IOL-Social networks IOL-Social networks IOL-Social networks IOL-Social networks
IOL Travel

Make sure you find the best available airfares with our easy-to-use search engine.

Travel_pic_enw
Sudoku