News
Net1 seeks business rescue for Cash Paymaster Services
Net1 UEPS Technologies is seeking to place a subsidiary that’s been ordered to repay hundreds of millions of rand to the welfare department in business rescue.
Browsing: Net1 UEPS Technologies
Fintech
Net1 to sell payments business KSNet for R3.5-billion
JSE- and Nasdaq-listed technology company Net1 UEPS Technologies will sell its Korean payments processing business KSNet to Stonebridge Capital and Payletter for R3.5-billion.
Investment
It was (mostly) a bleak 2019 for JSE-listed technology shares
TechCentral’s annual review of share price performances of JSE-listed technology companies shows that Cartrack, Altron, Mustek and Datatec all turned in a strong performance in 2019, but these were the exception rather than the rule.
News
Brett and Mark Levy quit Cell C board
Blue Label Telecoms co-founders and co-CEOs Brett and Mark Levy are stepping down as non-executive directors of the Cell C board with immediate effect.
News
Blue Label shares rally on trading update
Shares in Blue Label Telecoms enjoyed a rare upswing on Friday, a day after it issued a trading update that showed its core business continues to perform well despite the ongoing woes at Cell C.
News
Now Net1 delays results because of Cell C’s woes
Net1 UEPS Technologies has become the second JSE-listed company, after Blue Label Telecoms, to delay publication of financial results because of the ongoing financial woes at Cell C.
Investment
Altron SA’s best performing tech share in 2018
Altron’s continued turnaround, under the leadership of CEO Mteto Nyati, delivered the best performance among technology shares listed on the JSE in 2018, TechCentral’s annual review of the sector shows.
Fintech
Zapper, Net1 to roll out QR payments across Africa
JSE-listed Net1 UEPS Technologies and QR-code payments specialist Zapper said on Thursday that they will launch a new company, called ZappGroup Africa, to white-label and expand Zapper’s technology across Africa.
In-depth
Court nudges government on social grants predation
The supreme court of appeal ruled on Thursday that it is up to the social development department to consider drafting legislation that will protect social grant beneficiaries from predatory practices.
News
After years of controversy, gov’t to part ways with Net1
South Africa will no longer have any welfare beneficiaries paid by Net1 UEPS Technologies next month, bringing to an end a controversial relationship.
