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Aug 6, 2020

Kotzé steps down as Net1 boss

Outgoing CEO Herman Kotzé will remain a consultant for the company until the end of May next year.

May 4, 2020

COVID-19 disrupts Net1 first quarter report

The impact of the coronavirus pandemic leads to disruptions in Net1’s day-to-day activities.

Apr 28, 2020

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.

Feb 16, 2020

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.

Jun 20, 2019

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.

Dec 19, 2018

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.


Grant deductions fight heads to appeals court

The Supreme Court of Appeal will hear an application to appeal the ruling that favours deductions from the bank accounts of SA's most vulnerable citizens.

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