The company labels claims about undisclosed pre-tax profits of CPS's contract with the social security agency as incorrect and negligent assumptions.
The local fintech firm will use the funds to hire more staff and expand into other growing markets.
An independent report claims Net1 underestimated the pre-tax profits of CPS's SASSA contract by between R214.2 million and R614.4 million.
ConnectionChain is a security technology that safely executes exchanges and payments in different virtual currencies.
LG Premium Service Centre Launch
LG South Africa has launched its premium service centre in Midrand, Johannesburg. The centre aims to make it easy for LG customers to get their LG appliances fixed directly with LG.
The South African fintech company reported a 124% increase in interim profit after tax, while HEPS grew 87%.
The company disposes of its 80% interest in Powertech Transformers to a B-BBEE consortium.
The countries hold bilateral trade and investment talks to improve trade in electronics and electrical goods.
TymeBank announces Retail Capital buyout
TymeBank has reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares, subject to regulatory approval. #newsvideo #TymeBank #Itinbanking
Following the recent slump in the Bitcoin price, experts believe digital currencies will remain unpredictable for some time to come.
The Blockchain Academy presents the Cryptocurrency Trading for Beginners Course, taking place in Cape Town on 23 November.
The German IT company plans to challenge Transnet's intentions to have the awarding of the lucrative contract set aside.
The telco increased its customers in SA by 12% in the six months ended 30 September, breaching 40 million local clients for the first time.
The Telkom-owned group classifies certain BCX assets as "held for sale" following a portfolio review process.