Treasury is currently giving feedback to Parliament on the disagreement between Sassa and the Post Office over the social grants payment issues.

South African social security agency’s fate will today be decided as entities confer in Parliament in order to reach an agreement on a contractor.

Social Development Minister Bathabile Dlamini has challenged those who have accused her of benefiting personally from Sassa to prove it.

Parliament has given Sassa and the South African Post office until 6pm today to thrash out a deal to ensure that 17 million grant recipients are paid.

The South African State Security Agency and the South African Post Office will return to the negotiating table after significant pressure from MPs.

Justice Johan Froneman said there has to be an investigation to test allegations that Minister Bathabile Dlamini was to blame for the Sassa debacle.

Net1 UEPS Technologies said it’s agreed to pay its founder and chief executive officer an R104.5 million severance payment.

Net1 founder and chief executive Serge Belamant will retire a year early and will be replaced by current chief financial officer, Herman Kotzé.

Siyabonga Cwele says the South African Post Office is ready to take over the payment of social grants from the South African Social Security Agency.

Parliament's watchdog public accounts committee has written to Chief Justice Mogoeng Mogoeng to ask that it be given insight into the monitoring of grant payment.

Banking shares, which lost R80 billion in market capitalisation after President Jacob Zuma’s cabinet reshuffle at the end of March, remained weak on Friday.

Trouble-prone Net1 UEPS Technologies said it remained committed to fulfilling its contract to the end in South Africa.

Net1 UEPS Technologies moves to refute accusations of unethical lending practices to millions of social welfare beneficiaries in South Africa.

Allan Gray, one of South Africa’s biggest money managers, said it’s “increasingly concerned” over the running of Net1 UEPS Technologies.

Social Development Minister Bathabile Dlamini bypassed officials at the country’s welfare department and helped create a crisis, her former director-general claims.

Net1 UEPS Technologies, which has come under scrutiny over its welfare deal, is splitting its Chairman and CEO roles.