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Jabu Mabuza to chair Net1 UEPS Technologies

The previous chairman of Telkom and acting CEO of Eskom is appointed as chairman designate of the multinational financial technology company.


Net1 to sell subsidiary for R3.4bn

The JSE-listed firm plans to offload 100% of its stake in payment processor KSNET to focus on its fintech and blockchain strategies. 


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.

Sep 26, 2019

Cell C reports R8bn loss, drags down Blue Label

The mobile operator announces a multibillion-rand loss during the last financial year, negatively impacting its biggest shareholder.

Sep 20, 2019

Fresh blow for Cell C as shareholders re-evaluate positions

Cell C has once again been battered, after key shareholders wrote down their stakes in the telco to nothing.

Jul 11, 2019

Cell C boss pursues recapitalisation, freezes jobs, reviews contracts

Shareholder Blue Label’s shares tumble in morning trade as Cell C interim CEO Douglas Craigie Stevenson issues an unflattering open letter outlining the company’s challenges.

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.


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.


SASSA, SAPO look to future without CPS

The national postal service pilots social grant payments at pay points, as it looks to take over functions performed by Cash Payment Services.

Feb 9, 2018

Net1 invests more in blockchain development

Net1 UEPS Technologies ups its stake in Bank Frick in Liechtenstein to accelerate the expansion of a dedicated team focused on blockchain technology.


Altron's CFO moves to Net1

Net1 appoints Alex Smith as chief financial officer, effective next March. He currently holds the same position at Altron.


Why Net1 called off Blue Label deal

The technology group says it could only afford to move forward with two out of three planned investments, and Cell C and DNI were the chosen deals.

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