Net1 applies to put CPS into business rescue
Cash Paymaster Services is also facing a legal challenge from Freedom Under Law, which alleges it understated its profit by at least R800m
28 April 2020 - 16:51
Net1 UEPS Technologies is seeking to put subsidiary Cash Paymaster Services (CPS), which has been ordered to repay hundreds of millions of rand to the social development department, into business rescue.
The company is also facing a legal challenge from human rights organisation, Freedom Under Law, which alleges that it understated its profit by at least R800m and must repay this as well...
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