The supreme court of appeal has handed down a judgment in favour of Nasdaq- and JSE-listed payments specialist Net1 UEPS Technologies, dealing a blow to Absa and its AllPay unit, which had earlier won a high court battle over the R10bn government tender for the payment of social grants. Absa claimed
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Net1 UEPS Technologies, the company facing a corruption probe by US authorities, including the Securities & Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI), has itself filed a R478m lawsuit against Absa subsidiary AllPay. AllPay, a unit of banking group
Net1 UEPS Technologies, the Nasdaq- and JSE-listed technology company that recently won a R10bn tender for the payment of social grants in SA, has won the right to appeal a high court decision that found the tender process was illegal and invalid
A harsh spotlight is shining on Michael Hulley, Jacob Zuma’s personal lawyer and presidential legal adviser, who was responsible for the legal integrity of a social grants megatender that has turned out to be a mess. The SA Social Security Agency appointed Hulley in July last year as a “strategic adviser … to ensure
The process of awarding a R10bn contract by the SA Social Security Agency (Sassa) to JSE- and Nasdaq-listed Net1 UEPS Technologies earlier this year was “illegal and invalid”, a high court judge has ruled. Judge Elias Matojane found that
Absa subsidiary AllPay has accused the SA Social Security Agency (Sassa), of an irregular tender process wherein the company’s score was “inexplicably” lowered so that its competitor would win the R10bn contract. This was contained in a supplementary founding affidavit filed by AllPay earlier this month. The Absa division responsible for paying out social grants filed