Electronic payments company Net1 UEPS Technologies has more time to continue carrying out a social grant tender amid a Constitutional Court decision to suspend a bidding deadline.
In April last year, the Constitutional Court ordered that the South African Social Security Agency (SASSA) re-issue the country’s R10 billion grant tender, which was awarded to Net1 division Cash Paymaster Services (CPS) in 2012.
The Constitutional Court’s Justice, Johan Froneman, criticised SASSA for its ‘irregular’ conduct regarding the Net1 deal. The latter has previously faced allegations of bribing officials to win the contract and was also criticised for selling products such as prepaid airtime and loans to social grant recipients.
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