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LATEST NEWS FOR Net 1 UEPS Technologies Inc.  

Net 1 UEPS Technologies, Inc. (“Net1” and collectively with its consolidated subsidiaries, the “Company”) was incorporated in the State of Florida on May 8, 1997. The Company is a provider of financial technology, or fintech, products and ser... [more info]

5 years and R6bn for Sassa to take over grant payments

11 May 2017 /  Ray Mahlaka    19
‘Come 2018, there won’t be CPS’ – Sassa CEO, Thokozani Magwaza.

High Court affirms Net1 subsidiaries’ right to make deductions

9 May 2017 /  Warren Thompson    2
But only after money has been transferred into bank accounts.

Kigoda Responsible Investment Ranking 2017

5 May 2017 /  Mike Davies (Kigoda Consulting)   2
Are SA's biggest asset managers serious about sustainability?

Net1 stumbles over unanswered phones

24 Apr 2017 /  Alameen Templeton   26
'We’re increasingly concerned' - CIO, Allan Gray.

Allan Gray: We need change at Net1

20 Apr 2017 /  Kevin Crowley, Bloomberg   2
Wants Net1 to appoint several non-executive directors to strengthen board.

Dlamini blamed for ‘self-created’ Sassa crisis… again

11 Apr 2017 /  Ray Mahlaka   6
Former social grants DG joins Sassa CEO in revealing how the minister pushed for new CPS contract.

Dlamini sought to thwart Net1 welfare alternatives – Dangor

UPDATE
11 Apr 2017 /  Antony Sguazzin, Bloomberg  
Minister created a parallel structure where work streams were headed by officials other than executives at the department, former DG says.

Why Net1’s CPS remains the paymaster

10 Apr 2017 /  Ray Mahlaka    6
Social Development Minister Bathabile Dlamini had a helping hand.

IFC pressures Net1 to review lending practices

10 Apr 2017 /  Ray Mahlaka  
Backs Allan Gray’s call for Net1’s practice of offering loans to social grant beneficiaries to come under scrutiny.

Sassa CEO contradicts SA Minister’s court evidence

8 Apr 2017 /  Rene Vollgraaff and Kevin Crowley, Bloomberg   4
Minister was adamant that CPS be used to pay welfare.

World Bank’s IFC pushes Net1 to finish responsibility assessment

UPDATE
5 Apr 2017 /  Antony Sguazzin, Bloomberg  
International Finance Corporation bought stake in Net1 last year.

Allan Gray says won’t take hostile approach to Net1 UEPS

24 Mar 2017 /  Kevin Crowley, Bloomberg   2
IFC asks Net1 to hire consultants to assess practices as a responsible lender.

IFC playing coy on Net1 allegations

23 Mar 2017 /  Warren Thompson    6
The company's largest shareholder is monitoring activities.

Zuma to lead SA grant reform after system’s near collapse

19 Mar 2017 /  Kevin Crowley, Bloomberg   17
Interministerial team to ensure court order is followed.

Rand near 19-month peak; stocks fall as Net1 dips over welfare crisis

17 Mar 2017 /  Olwethu Boso and Tanisha Heiberg, Reuters   
Stocks down led by Net1 coming under pressure.

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