A US court has dismissed a class action against Net1 UEPS Technologies, which manages South Africa’s social grant payment system. This is according to a market update from Net1, which is listed on the
Browsing: Serge Belamant
The US Securities and Exchange Commission has decided to not to prosecute Johannesburg- and New York-listed electronic payments specialist Net1 UEPS Technologies over allegations that the
JSE-listed Net1 UEPS Technologies, the company running South Africa’s disputed social grants system, on Thursday announced plans to expand its operations in the UK with the establishment of a new subsidiary called Zazoo. Zazoo, headed by MD
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
The share price of Net1 UEPS Technologies plummeted in Johannesburg and New York on Thursday afternoon after the constitutional court ordered that a tender for the management of South Africa’s social grants system be carried out again. The R10bn contract had been awarded to Net1 subsidiary Cash Paymaster Services
A harsh spotlight is shining on Michael Hulley, Jacob Zuma’s personal lawyer and presidential legal adviser, who was responsible for the legal integrity of a social grants megatender that has turned out to be a mess. The SA Social Security Agency appointed Hulley in July last year as a “strategic adviser … to ensure
This week, an estimated 180 000 EasyPay customers will receive an e-mail that offers money-back rewards on all their transactions as part of the company’s strategy to restore its credibility and regain customers’ confidence after its site was hit by credit-card fraud two
Serge Belamant, founder, chairman and CEO of Net1 UEPS Technologies, the JSE- and New York-listed electronic payments company, plans to…