Just what is the ‘new Net1’?
Fintech firm Net1 is still trying to shake the image of a company fleecing social grant recipients. But winning back legitimacy isn’t that easy
25 November 2021 - 07:00
"Rehabilitation is a journey. There’s been a lot of hurt and a lot of mistrust," says Lincoln Mali, the former Standard Bank executive now heading Net1’s SA division.
The hurt he describes stems from a dark period in SA’s recent business history, when Net1 unlawfully scored the contract to pay 17-million social grants every month between 2012 and 2018, and then fleeced the grant beneficiaries...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.