Is Allan Gray benefiting from the Sassa crisis?

Deputy Editor at FM (Financial Mail), Sikonathi Mantshantsha, says Social Development Minister Bathabile Dlamini has a lot of serious questions to answer, even questions she might have avoided in Parliament.

This follows directives by Chief Justice Mogoeng Mogoeng on behalf of the Constitutional Court, demanding answers for the controversy surrounding the payout of social grants.

Mantshantsha delved into the questions asked by many, the relations between Net1 and Allan Gray.

Mantshantsha says Allan Gray neglected to sell its shares when the controversy around Net1 first broke. He says Allan Gray invested in Net1 in the same year that it obtained the Sassa contract in 2012.

To hear more from this conversation, listen below:


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
We didn't invest in Net1 because of its contract with Sassa - Allan Gray

We didn't invest in Net1 because of its contract with Sassa - Allan Gray

Allan Gray holds almost 16% of the share capital of Net1 on behalf of its clients. This investment has come under the spotlight.

Black Sash satisfied with Concourt's grip on Sassa

Black Sash satisfied with Concourt's grip on Sassa

Chief Justice Mogoeng has asked Sassa for the full details of the decision making around its inability to pay out social grants.

Sassa to answer to ConCourt

Sassa to answer to ConCourt

South Africa Social Security Agency has now been summoned to the Constitutional Court over social grant payment debacle.

ConCourt wants answers from Dlamini on Sassa saga

ConCourt wants answers from Dlamini on Sassa saga

Earlier this week CPS and Sassa confirmed that verbal consensus had been reached for a new contract, but no deal has yet been signed.

Scopa calls Finance Minister to give answers on Sassa contract number crunching

Scopa calls Finance Minister to give answers on Sassa contract number crunching

Scopa chair says it's still unclear what the plan is for 1 April, even though Minister Dlamini insists that grants will be paid.

'CPS lures grant recipients into buying insurance (and taking out microloans)'

'CPS lures grant recipients into buying insurance (and taking out microloans)'

Cash Paymaster Services shareholder Net1 UEPS is using the database of grant recipients to cross-sell services, says Sygnia’s CEO.

LISTEN: Oliphant refuses to speak English and CPS reaches deal with Sassa

LISTEN: Oliphant refuses to speak English and CPS reaches deal with Sassa

Cash Paymaster Services says it has reached an agreement with Sassa, and social grants will be paid beginning of April.

MPs grill Public Protector hopefuls under  Corruption Watch close scrutiny

MPs grill Public Protector hopefuls under Corruption Watch close scrutiny

The candidates will be in the hot seat until Thursday midnight, but Corruption Watch isn't impressed with the marathon interviews.

SA's 10 most expensive (high) schools

SA's 10 most expensive (high) schools

With the rising cost of living in SA, education is top of mind for parents struggling between a 'quality' education and its costs.

Pensioners: Beware of dodgy credit providers

Pensioners: Beware of dodgy credit providers

SASSA's Frank Earl speaks to John about educating pensioners about illegal or immoral deductions on their pension.

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

Brace yourself the cold is not going anywhere

Brace yourself the cold is not going anywhere

Forcaster, Kumsa Masizana says a cut-off low resulting throughout most parts of the country.

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Blind athlete sues popular winery after guide dog barred entry

Blind athlete sues popular winery after guide dog barred entry

Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

[LISTEN] Is it Yanny or Laurel? Test your ears!

[LISTEN] Is it Yanny or Laurel? Test your ears!

What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.