Brief: Net1’s CPS To Challenge High Court’s Order Regarding SASSA Implementation Cost Recovery

Lesaka Technologies

23/03/2018 13:54

March 23 (Reuters) - Net 1 Ueps Technologies Inc  UEPS.O :
    * NET1’S CPS TO CHALLENGE HIGH COURT’S ORDER REGARDING SASSA
IMPLEMENTATION COST RECOVERY
    * NET 1 UEPS- COURT ORDERED VARIATION AGREEMENT BETWEEN
SASSA,
CPS, AND RESULTANT PAYMENT MADE IN SUM OF ZAR 317 MILLION BE
REVIEWED AND SET ASIDE
    * NET 1 UEPS TECHNOLOGIES - COURT ALSO ORDERED CPS ORDERED
TO
REFUND SAID AMOUNT OF ZAR 317 MILLION TO SASSA WITH INTEREST
FROM JUNE 2014 TO DATE OF PAYMENT

Source text for Eikon:  ID:nGNX11Qmyn 
Further company coverage:  UEPS.O 

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