A solar-powered lamp, which doubles as a cellphone charger and as a fully fledged Wi-Fi hotspot, could soon bring safe lighting to poor users in South Africa and elsewhere on the continent. The next model, also due for release soon, will offer wireless broadband. The “solar jar” project is the
Browsing: Net1 UEPS Technologies
If you listened only to social development minister Bathabile Dlamini and the South African Social Security Agency (Sassa), you might believe that last week’s constitutional court judgment vindicated the agency. Rather, Sassa should be seriously embarrassed, and the judgment should give rise to grave concern about how the agency is
The share price of Net1 UEPS Technologies plummeted in Johannesburg and New York on Thursday afternoon after the constitutional court ordered that a tender for the management of South Africa’s social grants system be carried out again. The R10bn contract had been awarded to Net1 subsidiary Cash Paymaster Services
This time last year, Net1 UEPS Technologies disclosed that it was being investigated by the US justice department under its Foreign Corrupt Practices Act. The R10bn contract awarded by the South African Social Security Agency to one of Net1’s subsidiaries, Cash Paymaster Services
In a victory for Absa and its subsidiary AllPay Consolidated Investment Holdings, the constitutional court has declared “constitutionally invalid” the awarding of a R10bn tender to Cash Paymaster Services (CPS), a subsidiary of the Johannesburg- and New York-listed Net1 UEPS Technologies
The constitutional court will hear arguments on Tuesday relating to the awarding of a social grant tender, which was found to be invalid by a lower court. The unsuccessful bidder, AllPay Consolidated Investment Holdings, argues the tender process was procedurally flawed and unfair, and violated
Johannesburg- and New York-listed Electronic payments specialist Net1 UEPS Technologies has failed to conclude a black economic empowerment deal, blaming investigations around its winning of a multibillion-rand tender for the payment of South African social grants. A one-year option
A court ruling confirming the validity of a tender given to Net1 UEPS Technologies subsidiary Cash Paymaster Services (CPS) for issuing social grants was welcomed by the social development ministry on Thursday. “It has been a long journey through which several
Net1 UEPS Technologies, the company facing a corruption probe by US authorities, including the Securities & Exchange Commission (SEC) and the Federal Bureau of Investigation (FBI), has itself filed a R478m lawsuit against Absa subsidiary AllPay. AllPay, a unit of banking group
JSE- and Nasdaq-listed Net1 UEPS Technologies, which earlier this year won a contested multibillion-rand project to roll out a system for the payment of social grants in South Africa, is now facing investigations by US authorities into whether it made corrupt payments to government officials to secure the contract