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.
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