Tag: Net1

Net1 UEPS names Advocate Neville Melville as mediator
JSE SENS

Net1 UEPS names Advocate Neville Melville as mediator

Net 1 Ueps Technologies Inc. said it now has an independent ombudsman, Advocate Neville Melville, who will oversee dispute resolution regarding the Company‚Äôs financial services and value-added product sales through various subsidiaries in South Africa. Advocate Neville Melville is uniquely experienced in the dispute resolution field, having been appointed as […]

Net1 to stop investing in Blue Label Telecoms
JSE SENS

Net1 to stop investing in Blue Label Telecoms

Net1, South Africa largest electronic payment processor said it will no longer be investing in Blue Label Telecoms Ltd, the decision was taken after the former also canceled its subscription to the latter’s services. In a statement issued to clarify the decision, Net1 said its new appointed chief executive officer […]

Allan Gray plans to remove Net1 board
Global

Allan Gray plans to remove Net1 board

Africa’s largest investment management company, Allan Gray is looking at using its 16% shareholding in Net1 to overhaul the company’s board over its handling of a contract scandal. Allan Gray said it will exercise its power as the controlling interest to call a shareholders meeting which could lead to the […]