Net1 granted interim court order regarding the use of EasyPay Everywhere bank accounts
Net 1 UEPS Technologies, Inc. (UEPS)
Last net 1 ueps technologies, inc. earnings: 2/6 04:05 pm
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Source: GlobeNewswire
JOHANNESBURG, South Africa, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) today announced that the High Court of the Republic of South Africa (Gauteng Division, Pretoria) has handed down an interim order stating that SASSA shall pay the social grants of those EasyPay Everywhere (“EPE”) clients who had previously provided biometric consent and elected to receive their social grants into their EPE accounts, pending the handing down of the full judgment. SASSA has also been ordered to process any Annexure C forms (the form, required by SASSA, that details a beneficiary’s chosen bank account for receipt of his/her social grant), within two weeks of date of submission of such form by a grant recipient. “The Court’s order provides clarity to the many EPE account holders who have opted to receive their social grants into their EPE accounts but have not been able to enjoy the benefits of their accounts,” said Herman Kotzé, CEO of Net1. “We look f
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