March 17, 2017 / 12:48 PM / 5 months ago

BRIEF-South African Constitutional Court gives order on payment of social welfare grants

March 17 (Reuters) - Net 1 UEPS Technologies Inc:

* Net 1 UEPS -South African constitutional court gave order regarding continued payment of social grants when current contract between cash paymaster and Sassa expires

* Net 1 UEPS -essentially, current contract between cps and sassa has been extended for a further period of 12 months under current contract's terms

* Net 1 UEPS -Sassa, cash paymaster to ensure payment of social grants to grant beneficiaries from 1 April until entity other than CPS is able to do so

* Net 1 UEPS -declaration of invalidity of contract is further suspended for 12-month period from 1 April 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below