The instructions from Luthuli House would certainly urge that the ANC caucus in Parliament shows restraint on Mkhwebane, while the Union Buildings would certainly prefer her out of the office as soon as yesterday., writes Ralph Mathekga.
Morning clouds. Cool.
Net1 has terminated its two-year consulting agreement with its former chief executive Serge Belamant, the firm has announced.
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.
Net1 will be paying its outgoing chief executive Serge Belamant $8m or over R100m and a premium on shares.
Net1 shareholder Allan Gray is demanding that certain actions occur at Net1 to ensure social welfare recipients receive grants or it will seek to remove the board.
Net1, the parent company of Cash Paymaster Services, has appointed an ombudsman to oversee future complaints the financial services provider may face.
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 founder Serge Belamant will retire early after a storm of controversy over a contract it holds in SA to distribute billions of rands of welfare payments to 17 million people.
CPS boss Serge Belamant is adamant that any deal signed with Sassa must benefit his company and its shareholders.
Cape TownTumaini ConsultingR480 000.00 - R600 000.00 Per Year
Cape TownMass Staffing ProjectsR500 000.00 - R700 000.00 Per Year
Cape TownAdcorpBlu - Cape TownR11 000.00 - R11 200.00 Per Month
Apartments / Flats
R 12 000
Apartments / Flats
R 9 400
R 19 800
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