The National Credit Regulator, Absa, Corruption Watch and the Black Sash are some of the entities behind the high-profile legal challenges that Net1 UEPS has had to deal with in the past five years. There was also an investigation by the Hawks and, in the US, where Net1 UEPS is listed on the Nasdaq, the FBI and the Securities & Exchange Commission have trawled through the company’s affairs.Battled-hardened CEO Serge Belamant seems to take it all in his stride, putting much of it down to unhappy competitors (Absa) and a misinformed press that doesn’t appreciate his ambition to provide financial services to the country’s poor.The Black Sash says that ambition is creating even more hardship for the poor, who are being preyed upon.In an interview with BizNews last year Belamant referred to a tradition in SA of launching allegations of corruption every time a government tender is awarded."Candidly we can’t blame them [the losers] because we used to do the same thing. When we lost in Mpum...

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