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South African NGOs question IFC’s investment into Net1

Earlier this week Corruption Watch, Black Sash and Equal Education filed a complaint with the Compliance Advisor / Ombudsman (CAO) of the International Finance Corporation (IFC) regarding the circumstances under which the IFC made a combined equity investment of $107-million in Net1 UEPS Technologies Inc. and its subsidiary, Cash Paymaster Services (Pty) Ltd. The complainants Read more >

Court to supervise Sassa grants payments

The Constitutional Court today handed down a unanimous, blistering judgment in the South African Social Security Agency (Sassa) matter. Judge Johan Froneman ruled that the court will take over supervision of the implementation of the current and future grants process, indicating that the bench had no trust in social development minister Bathabile Dlamini. “This judgment Read more >

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