Net1 delays annual report after order to pay R317m to Sassa
Net1 CEO Herman Kotzé says the company ‘once again finds itself being prejudiced by apparent shortcomings in Sassa’s procurement process’
01 October 2019 - 08:20
Net1 said on Tuesday it had delayed submitting its company filings in the US after the Supreme Court of Appeal ordered it to pay back R317m to the SA Social Security Agency (Sassa).
The JSE and Nasdaq listed technology group had gone to court to appeal against a 2018 judgment setting aside an agreement between its subsidiary, Cash Paymasters Services (CPS), and Sassa to biometrically re-register about 11-million grant recipients...
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