Kotzé steps down as Net1 boss
Outgoing CEO Herman Kotzé will remain a consultant for the company until the end of May next year.
COVID-19 disrupts Net1 first quarter report
The impact of the coronavirus pandemic leads to disruptions in Net1’s day-to-day activities.
Value Capital Partners acquires stake in under-fire Net1
The investment firm snaps up a 13% shareholding in Net1, which is reportedly seeking to place subsidiary Cash Paymaster Services under business rescue.
Social grants cost post office R60m per month
The situation is so dire that the post office is considering shutting down many cash pay points around the country, says City Press.
Pay back the money, Supreme Court orders Net1 unit
After seeking an appeal of an earlier high court judgement, CPS comes out on the losing end once more and is ordered to repay SASSA R317 million plus interest.
Win for SASSA in R1.3bn lawsuit
Judge Robert Nugent delivers a blow for Cash Paymaster Services, as he rules against the lawsuit levelled against SASSA.
SASSA sets final deadline on old payment cards
The social security agency makes arrangements for those beneficiaries yet to exchange old cards to receive their January payments.
SASSA struggles to migrate all beneficiaries
The agency calls on beneficiaries to exchange old cards for new ones linked to upgraded payment systems, as it pushes to migrate over half a million beneficiaries.
Union takes issue with SASSA biometrics
NEHAWU slams the social security agency's handling of the biometric enrolment of beneficiaries onto a new system.
Net1 clears the air about validity of social grant cards
The company says its teams will continue to service all pay points, despite SASSA payments now being fully in the hands of the post office.
SASSA ready to bid CPS farewell
Despite previous failed attempts to cut ties with the Net1 subsidiary, the social security agency says it is ready to administer payments in partnership with the post office.