Net1 says activity is picking up after easing of lockdown conditions
The payment processing and technology group says it is seeing a recovery in SA transactions and ATM activity
06 November 2020 - 07:51
Shares in financial services and technology group Net1 UEPS, fell 12.73% on Friday despite the group saying its loss narrowed in the three months to end-September, the first quarter of its financial year, as economic activity in SA picked up in the wake of easing Covid-19 restrictions.
Net1, whose share price movements tend to be volatile, is down 18.4% so far in 2020. The stock closed the week at R41.90, a far cry from its record intraday high of R298.50, reached in July 2008. ..
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