This time last year, Net1 UEPS Technologies disclosed that it was being investigated by the US justice department under its Foreign Corrupt Practices Act. The R10bn contract awarded by the South African Social Security Agency to one of Net1’s subsidiaries, Cash Paymaster Services
Telkom has appointed Ian Russell as chief procurement officer with effect from 1 February 2014, the telecommunications group said in a statement on Thursday. “This appointment takes us a step closer to completing the renewal of the top leadership team,” said group CEO Sipho
In a victory for Absa and its subsidiary AllPay Consolidated Investment Holdings, the constitutional court has declared “constitutionally invalid” the awarding of a R10bn tender to Cash Paymaster Services (CPS), a subsidiary of the Johannesburg- and New York-listed Net1 UEPS Technologies
Absa and Telkom are cosying up over broadband. The two companies said on Monday that they had signed a collaboration agreement in terms of which Telkom will offer Absa customers rewards when subscribing to Telkom’s broadband products. The agreement
Telkom has named one of the country’s top chief information officers, Len de Villiers, as its new CIO. De Villiers is a former CIO for both Nedbank and Absa.
De Villiers takes on the role on 1 November. He has 25 years’ experience in the IT industry having start in IT
The number of employers inthe small and medium enterprise (SME) sector has risen by 6% year on year, according to the latest Absa SME Index. The index rose to its highest level in four years, though self-employment showed a slight decrease from the first quarter of 2013, Absa
Banking giant Absa is at an advanced stage of planning to deploy free public Wi-Fi to all of its approximately 800 branches across South Africa. The bank will also work with parent Barclays to extend the network to its branches across the rest of Africa. The idea is to encourage
The three partners of Cash Paymaster Services were not assessed in a R10bn social grant tender process, the constitutional court heard on Tuesday. “Evidently, the state should not be in the business of awarding multibillion-rand tenders to persons who have no proven, or assessed
The constitutional court will hear arguments on Tuesday relating to the awarding of a social grant tender, which was found to be invalid by a lower court. The unsuccessful bidder, AllPay Consolidated Investment Holdings, argues the tender process was procedurally flawed and unfair, and violated
Absa has added a new channel to its Internet banking portal with Absa Online Insurance, which allows customers to purchase insurance products or maintain existing ones. Customers can apply for insurance, complete the necessary applications and secure long- or short-term insurance
