Net1 UEPS Technologies Inc.’s founder, Serge Belamant, will retire early after a storm of controversy over a contract it holds to distribute billions of dollars of welfare payments to 17 million people. Belamant, who founded the company 27 years ago, will quit at the end of the month rather than[…]
Three of South Africa’s biggest banks are considering bidding to distribute government welfare payments to more than 17 million people. This as a contract with a subsidiary of welfare grant distributor Net 1 UEPS Technologies comes to an end, after years of legal battles. The existing contract earned Net 1[…]
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