A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
Payment solutions provider, Net1, plans to sell a Korean business for $237m.
Net 1 is rescheduling the release of its audited results in order to allow more time for clarification in respect of proposed transactions at Cell C.
Monwabisi Mjuleni from KwaNobuhle in Uitenhage says he was visiting a local South African Social Security Agency office when he was duped into getting a green EasyPay Everywhere account.
The company has been told to apologise to social grant beneficiaries.
It is official, the South African Post Office will now be in charge of distributing SASSA grants, but OUTA wants the details of the new deal to be made public.
Op-die-Berg resident Jakobus Fortuin realised something was wrong when he discovered deductions against his old age grant for a funeral policy he didn't want and hadn't bought.
Net1 has terminated its two-year consulting agreement with its former chief executive Serge Belamant, the firm has announced.
Net1, the parent company of Cash Paymaster Services, has appointed an ombudsman to oversee future complaints the financial services provider may face.
The move by Blue Label Telecoms to acquire a 45% stake in C Cell hit a speed wobble this week after Net1 changed course as the third-party investor.
The Democratic Alliance has asked Finance Minister Malusi Gigaba to launch an investigation into the R1.1bn profit earned by Cash Paymaster Services through its contract to distribute social grants.
Cell C's major equity holders Blue Label Telecoms and Net1 have both placed the fair value of the mobile operator at zero.
Net1's earnings were down by almost half for the 2018 financial year.
Treasury has recommended that Net1 UEPS Technologies be paid 24% less than it’s requesting for a six month extension to pay social welfare grants at cash pay points.
Net1, the company behind CPS that used to run SA’s social grant payment system, is upbeat about its future performance after restructuring and addressing challenges in the past quarter.
It appears that Net1 subsidiary Cash Paymaster Services underestimated the pre-tax profits relating to the Sassa contract by between R214.2m and R614.4m, states an independent report.
The accounts of social grant beneficiaries who have EasyPay Everywhere (“green” card) accounts will remain active after the contract between Sassa and CPS comes to an end in March 2018.
EOH says the IT services it provided SASSA for 8 years were based on merit, dispelling an article that suggested its directors could trump the Guptas on state capture.
Net1 UEPS Technologies’s new CEO Herman Kotze says a severance payment to former CEO Serge Belamant has been justified because they forced him into early retirement.
Allan Gray, Net1’s second-biggest shareholder, says it has noted with outraged the financial settlement claimed by Serge Belamant upon his retirement as CEO.
Net1 will be paying its outgoing chief executive Serge Belamant $8m or over R100m and a premium on shares.
Western CapePlacement Point (Pty) Ltd
Cape TownTumaini ConsultingR720 000.00 - R960 000.00 Per Year
Cape TownMass Staffing ProjectsR400 000.00 - R600 000.00 Per Year
R 4 800 000
R 6 950 000
R 5 750 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.