• Retribution will come

    Those who now pay the price for opposing a corrupt system shall rise again, says Solly Moeng.

  • Ego - the enemy within

    Successful people are humble in their aspirations and resilient in failure, says Ian Mann.

  • You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Net1 seals BEE deal

Jan 26 2012 16:43
Reuters

Company Data

NET 1 UEPS TECHNOLOGIES INC [JSE:NT1]

Last traded 121
Change -1
% Change -1
Cumulative volume 8592
Market cap 0

Last Updated: 29-09-2016 at 05:05. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sassa gets new social grant contractor

 
SOUTH African payment processor Net 1 UEPS Technologies Inc [JSE:NT1] said it has agreed to issue about a fifth of its shares to a consortium of black South Africans and community groups.

Net 1 UEPS offered the consortium, which also includes the Net 1 Foundation, a one-year option to buy up to 8.96 million of its outstanding shares at $8.96 each.

The lead partner in the consortium is Mosomo Investment Holdings, whose CEO Kgomotso Brian Mosehla has been appointed to the Net1 board, the Johannesburg-based company said in a statement.

Through its universal electronic payment system (UEPS), Net1 enables payments in developing countries with little or no access to traditional banking facilities.

Last week the company’s unit Cash Paymaster Services received a grant from the South African Social Security Agency (Sassa) for processing the distribution of social grants in the country.

The company’s shares closed at $10.31 on Wednesday on the Nasdaq.
net1  |  bee  |  sassa  |  social grants

NEXT ON FIN24X

 
 
 

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
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

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

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote

Loading...