The CEO of Net1 UEPS Technologies, which has the contract to distribute South Africa’s R129bn in annual welfare payments, said he isn’t “remotely concerned” about the outcome of a court case that could stop deductions for services such as funeral
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Government is facing a counter legal challenge in a dispute with Net1 UEPS Technologies with a rights group demanding that it protect welfare recipients from companies that are allegedly selling the nation’s poorest
South African welfare-grant distributor Net1 UEPS Technologies said a state agency has breached the constitution by amending regulations to prevent deductions from the payments to some of the country’s
The 16,9m people receiving welfare payments from South Africa’s government into bank accounts should have the right to choose between financial services companies, according to the country’s central bank. A contract awarded by the South
The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and
The South African Social Security Agency, which oversees the payment of welfare grants to more than 16m people, said it will on Wednesday file a criminal case against Grindrod and a unit of Net 1 UEPS
Electronic payments company Net1 UEPS Technologies has launched a court challenge of a government decision to limit direct deductions from social grants. Net1 division Cash Paymaster Services won a R10bn grants tender
We’re back after a lengthy break, and we have a bumper episode lined up for your listening pleasure. Your hosts Duncan McLeod and Regardt van der Berg chat about Net1 UEPS Technologies CEO Serge Belamant’s fake degree, the latest on MTN in Nigeria and government’s
JSE- and Nasdaq-listed technology company Net1 UEPS Technologies on Friday issued a statement to shareholders saying its long-serving chairman and CEO, Serge Belamant, was duped into thinking he had a PhD. In a statement issued on the
Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months