The National Prosecuting Authority (NPA) had reaffirmed its earlier decision not to prosecute payments group Net1 on criminal charges related to its alleged noncompliance with social grant regulations, the company said on Thursday. In July 2016, the South African Social Security Agency (Sassa) brought criminal charges against Net1 and Grindrod Bank, claiming they had failed to comply with regulations that prohibited deductions from bank accounts of social grant beneficiaries. But in August 2016, the NPA said it would not prosecute. On Wednesday, the NPA notified Net1 that no further action would be taken and that it could "consider the case closed". Net1 said the "charges were not justified and could be classified as vexatious in nature". Net1 said it had "reserved its rights in that regard". Net1’s subsidiary Cash Paymaster Services (CPS) distributes social grants to millions of beneficiaries. Its contract ends in March 2018. There have been widespread complaints by beneficiaries a...
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