1. The amount referred to as payment contractors in the reply to question 2220 actually refers to:
(a) The budget for expenditure incurred towards the contractor for disbursement of grant monies (Cash handling Fees). Expenditure to date (end February 2017) for 2017/18 is R 1,889,541,996
(b) The budgeted amounts for the disbursement of grant monies is as follows:
R’000 |
2015/16 |
2016/17 |
2017/18 |
2018/19 |
Budgeted Amount |
2,211,551 |
2,145,984 |
2,258,674 |
2,257,024 |
2. Following approval by the National Treasury for the South African Social
Security Agency to retain its cash surplus the Agency will utilise the cash surplus for the purpose of funding internal capacity for the takeover of the administration of the payment of social grants. The table below shows the budgeted amounts from the retained cash surplus and not necessarily from the baseline.
R'000 |
|
||
2015/16 |
2016/17 |
2017/18 |
2018/19 |
66,050 |
132,669 |
248,000 |
14,000 |