Net1
2:50
27 Sep

Cancelled SASSA contract hurts Cell C shareholder Net1

The company cites the termination of the social grants contract as the biggest reason for its R3.7 billion loss.

2:00

JSE threatens Blue Label with suspension over delayed results

If the company fails to submit its provisional report on or before 30 September 2019, then its listing may be suspended, says JSE.

1:50
Sep 10, 2019

Cell C shareholder Net1 delays results

The company reschedules the release of its results, seeking clarifications in respect of the proposed transactions at Cell C.

3:50

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.

2:30

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.

2:30
Sep 28, 2018

EasyPay integrates Masterpass for smoother bill payments

The global payments company integrates its Masterpass technology into the new EasyPay app for quick payments to 600 bill issuers.

3:30

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.

5:10

SASSA and CPS butt heads

The committee on comprehensive social security announces legal action against CPS employees allegedly misinforming welfare beneficiaries.

3:30

SASSA fumbles social grants payments

The agency's move to a new system as it phases out Cash Paymaster Services and brings in the post office stumbles as the July payment cycle is beset with technical glitches.

4:10
May 25, 2018

Cell C CFO Tyrone Soondarjee steps down

The mobile operator's chief financial officer will leave the company at the end of May, after less than a year in the job.

3:30
Feb 16, 2018

SA begins countdown to social grant drama

Net1 CEO Herman Kotze cautions that the new SASSA paymaster needs to maintain integrity of the verification systems to save government billions.

4:00
Feb 15, 2018

CPS won't shirk constitutional duties

Despite ongoing public scrutiny, the Net1 subsidiary is not against being SASSA's white knight to ensure uninterrupted social grant payments.

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