Browsing: Net1 UEPS Technologies

New twist in social grants case

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Net1 UEPS Technologies, the Nasdaq- and JSE-listed technology company that recently won a R10bn tender for the payment of social grants in SA, has won the right to appeal a high court decision that found the tender process was illegal and invalid

Stink persists around social grants tender

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A harsh spotlight is shining on Michael Hulley, Jacob Zuma’s personal lawyer and presidential legal adviser, who was responsible for the legal integrity of a social grants megatender that has turned out to be a mess. The SA Social Security Agency appointed Hulley in July last year as a “strategic adviser … to ensure

R10bn tender ‘illegal and invalid’

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The process of awarding a R10bn contract by the SA Social Security Agency (Sassa) to JSE- and Nasdaq-listed Net1 UEPS Technologies earlier this year was “illegal and invalid”, a high court judge has ruled. Judge Elias Matojane found that

Net1 wins R10bn social grants contract

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Cash Paymaster Services (CPS), a subsidiary of Nasdaq- and JSE-listed electronic payments company Net1 UEPS Technologies, has been awarded a five-year contract worth R10bn by the SA Social Security Agency. The will see CPS providing payment services for SA social grants across the country. The award