Latest articles on NET1

Net1 subsidiary goes to court to compel Sassa to pay grants into its accounts

Moneyline claims that the South African Social Security Agency has moved beneficiaries to the South African Post Office against their will

Bathabile Dlamini slapped with court costs, possible perjury probe

The Constitutional Court has ruled that Bathabile Dlamini is personally liable for 20% of costs of last year's Sassa debacle

SA waits on information regulator

The process of setting up the new body to help safeguard our democracy has met with obstacles

Grants back in court

In May last year the high court ruled that CPS could continue to deduct money for airtime, loans and electricity from social grant beneficiaries

President must move grant payment to Treasury to ensure payment on April 1

A panel of experts expects Sassa to renege on its Constitutional mandate to pay grants to over 10-million recipients.

CPS wants ConCourt to clarify it can still be awarded tenders to pay grants

CPS argues no party during the court process suggested that it should be barred from participating in any future tenders in regards to grant payment.

How Cell C was bought with its own airtime

The airtime deal is hiding in a complex web involving controversial new majority shareholders Blue Label Telecoms and Net1

How Serge beat Net1’s shareholders

But there is still hope for a precedent that will keep companies honest

Net1 to pay outgoing CEO Serge Belamant a cool R263-million

From this Wednesday, the company will pay him a salary of some R660 000 per month to work for at most a half-day for up to two more years

For Net1 a big profit is a big problem

For years Net1 had been criticised about its financial dealings with grant recipients, such as selling them life insurance.

EXCLUSIVE: CPS made R1-billion profit paying social grants

Over the past five years it has recorded a pre-tax profit of R1.1-billion, Cash Paymaster Services has told the ConCourt.

CPS to face R317m claim on its own

Cash Paymaster Services is on its own after the social grant agency withdrew from the case

​Net1 scores in social grant ruling

The company gets the go-ahead to debit the accounts of social grant beneficiaries.

Money Magda kicks Net1 butt

Magda Wierzycka might be the richest woman in SA but she hasn’t lost sight of those with very little

Net1’s tentacles everywhere

Grant recipients are often at a loss about who they are dealing with, which makes them vulnerable

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Don’t be deceived: Covid-19 vaccines are not for sale

Police warn against fake Covid-19 vaccines and urge the public to report any criminal activities

Zondo deplores ‘attempted killing’ of state capture witness who implicated Molefe

The deputy chief justice says an attack on one witness may deter many others from giving evidence

State’s failure to act leaves Mpumalanga community at land grabbers’ mercy

Mpumalanga land claimants have been failed by state organs, whose officials are not helping them to remove land invaders, despite a court order

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