trending Market Intelligence /marketintelligence/en/news-insights/trending/uoaxc9mb6ebugg8jwrye8q2 content esgSubNav
In This List

Net 1 UEPS Technologies unit to fight order to repay social security agency

Podcast

Street Talk | Episode 94: Recessionary fears in '22 overblown, Fed could overtighten

Blog

Optimism abounds in Indian online video industry

Blog

2022 broadband forecast shifts to market share battle with intense competition

Blog

Expand Your Perspective: Innovation


Net 1 UEPS Technologies unit to fight order to repay social security agency

Net 1 UEPS Technologies Inc. unit Cash Paymaster Services (Pty) Ltd. will battle a court order to repay 317 million South African rand, plus interest, to the South African Social Security Agency.

A court in South Africa ordered a review of the agreement between Cash Paymaster Services and the SASSA under which the company received 277 million South African rand related to the recovery of additional implementation costs that it incurred during the beneficiary re-registration process in fiscal years 2012 and 2013.

The order came as the South African Constitutional Court extended by six months an agreement between Cash Paymaster Services and SASSA on payment of social grants.

The agreement had been set to expire March 31.