Electronic payments company Net1 UEPS Technologies has chosen to withdraw from an upcoming social grants tender process following years of controversy. In April last year, the constitutional
Browsing: Sassa
Corruption Watch has filed papers in the high court seeking the reversal of a payment of R317m to Net1 UEPS Technologies subsidiary Cash Paymaster Services by the South African Social Security Agency
Leading payment systems provider Net1 has ignored demands by the minister of social development to stop lending to social grant recipients and is continuing to grant loans to some of the country’s poorest citizens. Net1 UEPS Technologies wholly owns Cash Paymaster Services (CPS), which in 2009 was awarded a tender to distribute R10bn worth of social
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
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
In 2012, when the South African Social Security Agency (Sassa) awarded a crucial social grants contract, its R10bn decision turned mostly on a “key feature” — something that had been offered by just one of the bidders. The contract was for the payment of about 15m in government grants every month
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
Blue Label Telecoms and MasterCard plan to roll out point-of-sale (POS) devices to 22 000 small traders and rural shops in South Africa, allowing them to accept card payments for the first time. Blue Label already provides thousands of POS terminals in South Africa, which
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