Leading payment systems provider Net1 has ignored demands by the minister of social development to stop lending to social grant recipients and is continuing to grant loans to some of the country’s poorest citizens. Net1 UEPS Technologies wholly owns Cash Paymaster Services (CPS), which in 2009 was awarded a tender to distribute R10bn worth of social
Author: Lisa Steyn
Financially embattled Eskom has run to the government for additional funding to pay its spiralling bills. But the treasury has refused and said it will not fund the utility from its strained coffers, and the energy regulator couldn’t help even if it wanted to. Faced with a shortfall
A change in the jurisdiction laws of the United States saw Turkcell, the communications and technology company, drop a case of alleged bribery and corruption against MTN – only to turn its attention to the South African courts, where this week it filed an action seeking US$4,2bn in damages
Tweeting has become a serious business, with financial spin-offs if done right, so it’s no wonder that researchers continue to seek out the “tweet spot” when it comes to using Twitter effectively. It appears that everyone wants a piece of the action, and some users go to extraordinary lengths to rack up a high
South Africans rejoiced when the National Energy Regulator of South Africa (Nersa) awarded Eskom just half the tariff increase it had applied for in February this year. But in the power utility’s annual report released on 10 July, Eskom said it would respond to its funding problem by holding off
Eskom on Monday morning announced that the Medupi power station’s first unit will not come online by December 2013 as planned, with the more realistic deadline being the second half of 2014. This set the deadline of the whole project back by six months to a year. The delay was announced