The Post Office will take over the distribution of welfare grants from current service provider Net1 UEPS Technologies, minister in the presidency Jeff Radebe said on Sunday. The agreement between the South Africa
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Net1 UEPS Technologies’ largest shareholders, International Finance Corp and Allan Gray, have welcomed the company’s decision to terminate the consulting contract of former CEO Serge Belamant, which would
Net1 UEPS Technologies, the group whose subsidiary, Cash Paymaster Services, controversially manages South Africa’s welfare payments system, has terminated the services of its former CEO, Serge Belamant, it said on
Net1 UEPS Technologies’ new CEO, Herman Kotze, said a severance payment to the company’s founder and former CEO who was criticised by the company’s biggest shareholders was justified because they forced him into early retirement
Net1 UEPS Technologies has decided not to subscribe for shares in Blue Label Telecoms as part of a recapitalisation plan for Cell C, but will still pursue a planned direct acquisition of 15% of the mobile operator’s equity for R2bn
Net1 UEPS Technologies’ two largest shareholders, the International Finance Corp and Allan Gray, have expressed shock at the whopping R265m golden handshake that outgoing CEO Serge Belamant will be paid.
Net1 UEPS Technologies said it’s agreed to pay its founder and CEO an $8m severance payment and an about 14% premium on his shares after he agreed to step down amid a storm of controversy over a contract it holds in South Africa to distribute billions of
Net1 UEPS Technologies founder Serge Belamant will retire early after a storm of controversy over a contract it holds in South Africa to distribute billions of rand of welfare payments to 17m people
Net1’s social grant distribution subsidiary, Cash Paymaster Services, continues to be coy about the amount it would be remunerated under a new contract with the South African Social Security Agency, telling the constitutional
Net1 UEPS Technologies, the company whose subsidiary Cash Paymaster Services manages the payment of welfare to 17m South Africans under a controversial tender, is acquiring a 15% stake in