Mail and Guardian

Human Settlements Minister Tokyo Sexwale’s fingerprints are all over the R10-billion tender for the countrywide payment of social grants — in both the adjudication and the BEE consortium belatedly cut into the winning bidder.

Tokyo Sexwale

But Sexwale’s company, Mvelaphanda Holdings, flatly denies that he has any actual interest in the BEE consortium.

The South African Social Security Agency (Sassa) announced on January 17 that it had awarded the social grants tender to Cash Paymaster Services (CPS). The award was formalised in a contract two weeks later — but only after CPS’s parent company, Net1 UEPS Technologies, had announced an agreement to transfer 20% of its shares to a “broad-based” BEE consortium.  Read more…