LATEST NEWS FOR Net 1 UEPS Technologies Inc.  

Net1 is a multinational financial technology company with a presence in Africa, Asia and Europe. Net1 leverages its proprietary banking and payment technology to distribute low-cost financial and value-added services to underbanked consumers and smal... [more info]

Pepkor unit sold unemployment cover to pensioners on welfare

28 Apr 2020 /  Antony Sguazzin, Bloomberg    4
The NCC is suing JDG Trading.

Value Capital Partners takes R580m stake in Net1

28 Apr 2020 /  Ann Crotty   5
Second-largest shareholder will use influence and voting power to promote good governance.

Blue Label shares rally on trading update

20 Sep 2019 /  Duncan McLeod   1
A rare respite for a share that has been pummelled in the past 18 months.

Can Cell C be saved?

18 Sep 2019 /  Sinesipho Maninjwa   17
A litany of poor decision-making.

SA’s unsecured loan boom leaves 40% of borrowers in default

12 Sep 2019 /  Antony Sguazzin, Bloomberg    43
Nearly 8m South Africans have taken out a combined R225bn of loans without collateral.

Five things making headlines in South Africa today

8 Feb 2019 /  Moneyweb   
Reflections on Sona, Sasol expects earnings growth, Net1 posts operating losses, rand update.

Net1 accused of overstating financial losses in Sassa fee negotiation

18 Oct 2018 /  Ray Mahlaka    4
The company’s plea for an increase to its social grant payments fee might be undermined by its profits.

SA to end controversial ties with Net1 in October

29 Sep 2018 /  Antony Sguazzin, Bloomberg   6
As the South African Post Office prepares to take over all remaining payments.

Five things making headlines in South Africa today

30 Aug 2018 /  Moneyweb  
July PPI, money supply and private sector credit supply, Santam and Net 1 results, M&R awarded new projects.

Sassa beneficiaries intensify fight over unlawful deductions

17 Aug 2018 /  Ray Mahlaka   
Vulnerable grant recipients want a court order compelling the state to protect them from exploitative deductions.

Five things making headlines in South Africa today

9 Jul 2018 /  Moneyweb  
Aton's fresh move against M&R, Tom Moyane to address media, Tharisa quarterly production, Grindrod averts Sassa demands, McKinsey to apologise to SA.

Net1’s CPS using ‘dirty tricks’ to sabotage Post Office

25 Jun 2018 /  Ray Mahlaka   6
CPS is accused of preventing Post Office and Sassa officials from helping grant beneficiaries to sign up for the new Sassa/Post Office branded cards.

Treasury says Net1’s welfare charge is too high

2 May 2018 /  Antony Sguazzin   4
Treasury recommends that Net1 be paid 24% less than requested to pay Sassa recipients for a further six months.

ConCourt extends CPS’s social grants contract

23 Mar 2018 /  Ray Mahlaka   
The court awards the controversial social grants payer a six-month extension to its contract.

Net1 eyes fintech services after life without Sassa

14 Feb 2018 /  Ray Mahlaka    6
It plans to extend banking services to underserviced individuals, some of who are social grant recipients in far-flung rural areas.

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