ConCourt orders CPS, KPMG, Mazars to provide financial statements for social grants contract

Cash Paymaster Services and auditing firms KPMG and Mazars have been ordered to produce financial statements relating to a contract with the SA Social Security Agency. File photo.The Constitutional Court has ordered Cash Paymaster Services , formerly hired by the SA Social Security Agency to pay social grants, and auditing firms KPMG and Mazars to provide financial statements and documents to verify the service provider’s profits.

The order comes after Freedom Under Law approached the apex court asking it to oversee compliance to a 2017 order directing Sassa and CPS to ensure payment of social grants from April 2017 for a period of 12 months, by extending the contract awarded to CPS for the payment of social grants. The contract was declared invalid.

The order had imposed conditions, including that CPS file an audited statement of “expenses incurred, the income received and the net profit earned” and allowing RAiN Chartered Accountants, the auditors appointed by Sassa, free access to its financial statements to verify them for submission to national treasury for approval.

In the application before the ConCourt, FUL asked for an order compelling compliance with the conditions. It alleged CPS did not allow RAiN free access to its financial statements and that the verification report produced revealed CPS had under-declared its profits by about R800m. FUL wanted the court to force CPS, KPMG Services and Mazars to furnish RAiN with outstanding documentation.

How much did Bathabhile get from that I wonder

Iyooo....Is Bathabile listening

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ConCourt orders CPS, KPMG, Mazars to provide financial statements for social grants contractThe ConCourt has ordered Cash Paymaster Services (CPS), formerly hired by the SA Social Security Agency (Sassa) to pay social grants, and auditing firms KPMG and Mazars to provide financial statements and documents to verify the service provider’s profits.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

GROUNDUP : Concourt orders CPS to hand over documents showing social grant profitsFreedom Under Law has accused CPS of under-reporting its profits by R800-million. Yes Where's that R 316 million CPS was supposed to repay OfficialSASSA? JvanLogg Bathabile part of RET & CPS is it not white owned & foreign? White monopoly capital narrative was not followed in this instance.Hmmm
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ConCourt orders CPS to file all records relating to its illicit profits - The Mail & GuardianThe constitutional court on Thursday ordered Cash Paymaster Services to give an auditing firm full access to its records to allow a determination and reimbursement of all profits it earned from its unlawful contract with Sassa. I remember an article back in 2012 that said 'Tokyo Sexwale fingerprints all over sassa tender.' I just hope whoever is fighting for this tender will do good ngoba uyalwa struu 🤞🏾
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Order that CPS show financial statements on profits pleases FULCPS allegedly did not allow accountants Rain free access to its financial statements, and the verification report showed CPS under declared profits by about R800m
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Freedom Under Law welcomes ruling directing CPS to produce financial statementsFreedom Under Law (FUL) has welcomed the Constitutional Court order directing Cash Paymaster Services (CPS) and auditing firms KPMG and Mazars to provide financial statements and documents to verify the service provider’s profits. I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent DennisWilliam56 who guided me and help me make a living through bitcoin with my LUNO app , I recommend you to meet him now and also be a beneficiary of good work Help me thank Jasonmac101 for his good work on my family through bitcoin investment... After seeing different testimonies I decided to try him and he really surprised me when I recieved profits... You can trust Jason I swear
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