Government is considering a one-year extension to a contract with Net1 UEPS Technologies to make welfare payments to 17,2m people even after legal battles with the company, according to a government official with knowledge of
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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
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
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
The CEO of Net1 UEPS Technologies, which has the contract to distribute South Africa’s R129bn in annual welfare payments, said he isn’t “remotely concerned” about the outcome of a court case that could stop deductions for services such as funeral
Government is facing a counter legal challenge in a dispute with Net1 UEPS Technologies with a rights group demanding that it protect welfare recipients from companies that are allegedly selling the nation’s poorest
South African welfare-grant distributor Net1 UEPS Technologies said a state agency has breached the constitution by amending regulations to prevent deductions from the payments to some of the country’s
The 16,9m people receiving welfare payments from South Africa’s government into bank accounts should have the right to choose between financial services companies, according to the country’s central bank. A contract awarded by the South