Loading...
See More

Net1 recovers from record low

Dec 06 2012 09:42 Reuters

Company Data

NET 1 UEPS TECHNOLOGIES INC [JSE:NT1]

Last traded 167
Change -2
% Change -1
Cumulative volume 84
Market cap 0

Last Updated: 27-03-2015 at 12:35. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Co-operate with FBI tender probe - DA

Net1 co-operating with US tender probe

Net 1 tumbles on US govt probe

Over 2.5m in SA use debit card for grants

Net1 seals BEE deal

Net1 shares tank on govt bribe probe

 

Johannesburg - Shares of Net 1 UEPS Technologies [JSE:NT1] recover after plunging nearly 50% in the previous session to a record low. 

Net 1, the payment processor which is also listed on the Nasdaq, faces a corruption probe by the US Department of Justice and FBI. 

The US law enforcement authorities are investigating whether the company bribed South African government officials to secure a contract to roll out systems to provide welfare grants. 

Net 1 shares are up 1.43%t at R35.50 after slumping to a record low of R30 on Wednesday.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest

net1 ueps technologies

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...