March 23, 2018 / 1:58 PM / a month ago

BRIEF-Net1’s CPS To Challenge High Court’s Order Regarding SASSA Implementation Cost Recovery

March 23 (Reuters) - Net 1 Ueps Technologies Inc:

* NET1’S CPS TO CHALLENGE HIGH COURT’S ORDER REGARDING SASSA IMPLEMENTATION COST RECOVERY

* NET 1 UEPS- COURT ORDERED VARIATION AGREEMENT BETWEEN SASSA, CPS, AND RESULTANT PAYMENT MADE IN SUM OF ZAR 317 MILLION BE REVIEWED AND SET ASIDE

* NET 1 UEPS TECHNOLOGIES - COURT ALSO ORDERED CPS ORDERED TO REFUND SAID AMOUNT OF ZAR 317 MILLION TO SASSA WITH INTEREST FROM JUNE 2014 TO DATE OF PAYMENT Source text for Eikon: Further company coverage:

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