There is no plan to reissue a R10bn social grants tender after it ends in 2017, says the South African Social Security Agency. In 2012, Cash Paymaster Services, a division of JSE-listed Net1 UEPS Technologies, won the Sassa tender to distribute grant payments to over 10m recipients.
Browsing: Net1 UEPS Technologies
The Sunday Times Top 100 Companies list, announced on Tuesday evening, has ranked the top performing companies on the JSE over the past five years. Technology group EOH has
Electronic payments company Net1 UEPS Technologies faces the prospect of hanging onto South Africa’s R10bn social grants tender until 2017. This is after the state-owned South African Social Security Agency (Sassa) dismissed three new bids for the contract. In April 2014, the
A US court has dismissed a class action against Net1 UEPS Technologies, which manages South Africa’s social grant payment system. This is according to a market update from Net1, which is listed on the
The US Securities and Exchange Commission has decided to not to prosecute Johannesburg- and New York-listed electronic payments specialist Net1 UEPS Technologies over allegations that the
Electronic payments company Net1 UEPS Technologies has chosen to withdraw from an upcoming social grants tender process following years of controversy. In April last year, the constitutional
Corruption Watch has filed papers in the high court seeking the reversal of a payment of R317m to Net1 UEPS Technologies subsidiary Cash Paymaster Services by the South African Social Security Agency
JSE-listed Net1 UEPS Technologies, the company running South Africa’s disputed social grants system, on Thursday announced plans to expand its operations in the UK with the establishment of a new subsidiary called Zazoo. Zazoo, headed by MD
Leading payment systems provider Net1 has ignored demands by the minister of social development to stop lending to social grant recipients and is continuing to grant loans to some of the country’s poorest citizens. Net1 UEPS Technologies wholly owns Cash Paymaster Services (CPS), which in 2009 was awarded a tender to distribute R10bn worth of social
The South African Social Security Agency (Sassa) and its agent, Cash Paymaster Services (CPS), are railroading state welfare recipients into using Vodacom Sim cards through an exclusive partnership between the two companies. The partnership has the potential to drive millions of beneficiaries into Vodacom’s arms on the back