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
Browsing: Net1 UEPS
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
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
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
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
Behind the legal storm raging over the recent awarding of a R10bn SA Social Services Agency (Sassa) contract, a far greater prize is at stake: the chance to load microloan and insurance products on to the R105bn the government pays in social grants monthly. Net1 UEPS, the New York-listed parent
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