Net1 UEPS Technologies’ second biggest shareholder said that if the company concludes a new welfare distribution contract with the South African Social Security Agency it would welcome further controls on how payment
Author: Agency Staff
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One of the ANC’s signature programmes, a welfare system for the poorest third of South Africa’s people, is in chaos. The monthly stipends are distributed to more than 17m people by Net1 UEPS Technologies, whose
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National treasury will not act illegally and approve a new welfare distribution deal with Net1 UEPS Technologies unless it has been sanctioned by the country’s constitutional court, the spokesman for the country’s ruling party said