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

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BRIEF-Net1’s CPS To Challenge High Court’s Order Regarding SASSA Implementation Cost Recovery
Credit: © Reuters.

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

* 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

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