The South African Reserve Bank said the way the country’s welfare grants are paid out may have resulted in Net1 UEPS Technologies having a conflict of interest as the company has the contract to make the payments and
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The South African Social Security Agency, which oversees the payment of welfare grants to more than 16m people, said it will on Wednesday file a criminal case against Grindrod and a unit of Net 1 UEPS
Electronic payments company Net1 UEPS Technologies has launched a court challenge of a government decision to limit direct deductions from social grants. Net1 division Cash Paymaster Services won a R10bn grants tender
The International Finance Corporation, which forms part of the World Bank Group, and related funds managed by the IFC Asset Management Company are buying a 18% stake in South Africa- and US-listed technology group Net1 for US$107,7m (about R1,6bn). IFC has agreed to
We’re back after a lengthy break, and we have a bumper episode lined up for your listening pleasure. Your hosts Duncan McLeod and Regardt van der Berg chat about Net1 UEPS Technologies CEO Serge Belamant’s fake degree, the latest on MTN in Nigeria and government’s
JSE- and Nasdaq-listed technology company Net1 UEPS Technologies on Friday issued a statement to shareholders saying its long-serving chairman and CEO, Serge Belamant, was duped into thinking he had a PhD. In a statement issued on the
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.
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
An investment in Adapt IT over the past three years or, even better, over five years would have paid off handsomely. The IT counter has proved to be by far the best performer among technology and