Net1 donates to Solidarity Fund and other Covid-19 initiatives
Net 1 UEPS Technologies, Inc. (UEPS)
Last net 1 ueps technologies, inc. earnings: 2/6 04:05 pm
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ir.net1.com
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Source: GlobeNewswire
JOHANNESBURG, South Africa, April 15, 2020 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS, JSE: NT1) (“Net1” or the “Company”) today announced that, in support of the recent call for support by the South African President, all of Net1’s non-executive directors and its South African based executives have taken salary, benefit and fee reductions of 30% for the three months to June 30. These amounts will be donated to The Solidarity Fund and other related initiatives to assist in the fight against the Covid-19 pandemic in South Africa and its impact on various critical functions such as healthcare, social assistance and education. About Net1 (www.net1.com) Net1 is a multinational financial technology company with a presence in Africa, Asia and Europe. Net1 leverages its proprietary banking and payment technology to distribute low-cost financial and value-added services to underbanked consumers and small businesses. The Company also provides transaction processing s
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