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
Browsing: Sassa
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
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
The process of awarding a R10bn contract by the SA Social Security Agency (Sassa) to JSE- and Nasdaq-listed Net1 UEPS Technologies earlier this year was “illegal and invalid”, a high court judge has ruled. Judge Elias Matojane found that