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

  • Reuters
  • Stock Market News
BRIEF-South African Constitutional Court gives order on payment of social welfare grants
Credit: © Reuters.

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

* 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: ID:nMKWmT2kva Further company coverage: UEPS.O

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