Browsing: IFC

Net1 UEPS Technologies’ two largest shareholders, the International Finance Corp and Allan Gray, have expressed shock at the whopping R265m golden handshake that outgoing CEO Serge Belamant will be paid.

The World Bank’s International Finance Corp said it’s pressing Net1 UEPS Technologies to complete an assessment of its lending practices this year as human rights organisations allege that the

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

The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to