STEVEN BOYKEY SIDLEY: Why Net1 will continue distributing grants, like it or not
'This is a massive, audacious and labyrinthine machine that has been built over decades and tens of thousands of man-development hours, and it works'
Net1's Cash Paymaster Services built a breathtakingly complex and impressive ecosystem to enable pension payouts in a country with the uncommon challenges of poverty, illiteracy and spotty communication infrastructure. Then their contract got revoked. Now the government and the country has come crawling back. What’s a poor Nasdaq-listed company to do?