The CEO of Net1 UEPS Technologies said a failure to extend its contract to distribute South African welfare payments beyond the end of March would be a “national disaster”, and offered to sell the business to the government. While the South African Social
Browsing: Net1 UEPS Technologies
Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17m people as a contract with a unit of Net1 UEPS Technologies comes to an end after years of legal battles. The existing contract
South African- and New York-listed technology group Net1 UEPS Technologies has acquired a 30% stake in Bank Frick & Co, a family-run bank based in Liechtenstein in Central Europe. Following completion of the transaction – which is still
Government, set to miss a deadline to appoint a new distributor of welfare grants worth about R140bn/year to more than 17m people, asked aspirant bidders to an information session as the end of a contract with Net1 UEPS
The social development department’s ability to continue to make monthly welfare payments to about 17m people is in jeopardy because it ignored advice from the central bank, two people familiar with the situation said. The department
Government may extend its deal with Net1 UEPS Technologies, a company that it has been embroiled in legal battles with, because it’s not ready to make welfare payments worth about R129bn/year when the contract ends
Social development minister Bathabile Dlamini is soon to make an announcement about the payment of social grants by the South African Social Security Agency amid fears of a disaster when the
Social development minister Bathabile Dlamini could not provide answers on Wednesday about her department’s readiness to take over the social grants scheme. Dlamini and members of the South African Social Security Agency
Cell C will reduce its net borrowings to a maximum of R6bn – from a proposed R8bn previously – Blue Label Telecoms, which is in the throes of buying a 45% stake in the mobile operator for R5,5bn
Market watchers are not worried about the decision by mobile operator Cell C to ditch its R8,5bn planned bond placement to reduce its crippling debt load of R20,7bn. Prepaid technology specialist