Net1 UEPS Technologies, a unit of which distributes welfare payments in South Africa, understated its profit from the government contract in a submission to the country’s constitutional court that was audited by KPMG, a report released by
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Johannesburg- and New York-listed Net1 UEPS Technologies, the company that owns Cash Paymaster Services, the business that pays social grants on behalf of the South African government
Post Office CEO Mark Barnes has pulled a trump card in the state-owned enterprise’s fight for a contract with the South African Social Security Agency to distribute social grants. Negotiations between Sassa and the Post Office have
Post Office CEO Mark Barnes will put up a fight with the South African Social Security Agency when he appears on Tuesday at the social development committee and the standing committee on public accounts in parliament
Although the South African Social Security Agency has given the Post Office an offer to distribute social grants, a scathing report by a panel of experts and the auditor-general has warned that incumbent Cash Paymaster Services
Net1 UEPS Technologies, the group whose subsidiary, Cash Paymaster Services, controversially manages South Africa’s welfare payments system, has terminated the services of its former CEO, Serge Belamant, it said on
The constitutional court has ordered the social development department and the South African Social Security Agency (Sassa) to begin an investigation over whether minister Bathabile Dlamini should be held personally
Social development minister Bathabile Dlamini has claimed that it will cost R6bn for the South Africa Social Security Agency to take over social grant payments from Net1’s subsidiary Cash Paymaster Services. This is the first time that
Social development minister Bathabile Dlamini bypassed officials at the country’s welfare department and helped create a crisis that would ensure that Net1 UEPS Technologies would continue to distribute payments on behalf of the government
The International Finance Corp, a member of the World Bank Group and Net1’s largest shareholder, promises to engage with the management of the company to “promote responsible business