Thursday, April 17, 2014 8:13:07 AM
Net 1 UEPS Technologies, the company that administers the national R10 billion social grant contract, has finalised a black economic empowerment (BEE) deal for R264 million, more than a year after it was first mooted.
Net 1 said yesterday that all conditions on the relationship agreements with its BEE partners had been fulfilled. The transaction was delayed last year to allow the company to deal with reputational damage and negative publicity concerning the social grant contract.
The payments implementer has issued 4.1 million shares to Business Venture Investments No 1567 and 300 000 shares to Born Free Investments at R60 a share. The consortium is led by Mosomo Investment Holdings.
http://www.iol.co.za/business/companies/net1-finalises-r264m-bee-deal-1.1677368#.U0_Fa_ldXTo
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM