What Role Did the World Bank Have in South Africa's Grant Crisis?

Why did the World Bank, one of the largest development finance institutions in the world, ignore all the information circulating about Net1, parent company of Cash Paymaster Services, and, instead, invest R1.6 billion? This after Allan Gray, the second largest shareholder, faces scrutiny over its role in the social grant crisis. Erin Torkelson of GroundUp investigates.



Demonstrators outside the Constitutional Court during hearings on the future of the social grants payment system.

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