The dispute over South Africa’s social grant system and threatening millions of vulnerable beneficiaries with non-payment creates risks that go far beyond interrupting poor people’s access to desperately needed grants. The failure of the South African
Browsing: Serge Belamant
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
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
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
Social development minister Bathabile Dlamini is soon to make an announcement about the payment of social grants by the South African Social Security Agency amid fears of a disaster when the
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
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