{"id":5587,"date":"2012-02-07T09:17:15","date_gmt":"2012-02-07T09:17:15","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=5587"},"modified":"2012-02-07T09:20:10","modified_gmt":"2012-02-07T09:20:10","slug":"net1-concludes-sassa-contract-agreement","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/5587\/net1-concludes-sassa-contract-agreement\/","title":{"rendered":"Net1 concludes Sassa contract agreement"},"content":{"rendered":"<p>Listed provider of alternative payment systems, <a title=\"Company Information\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/397049-Net1\" target=\"_blank\">Net 1<\/a> UEPS Technologies (NT1, Net1) said on Tuesday that its wholly owned subsidiary, Cash Paymaster Services (CPS) has signed a contract and service level agreement with the South African Social Security Agency (Sassa) for the award of the national payment tender announced in January.<\/p>\n<p>CPS will effect payment of social grants to all persons who are entitled to receive such grants in all of South Africa&#8217;s provinces, on behalf of Sassa.<\/p>\n<p>The group\u2019s shares stock surged nearly 40% on the JSE following the announcement of the R10 billion tender award to distribute social grants to the value of approximately R500 billion over the next five years.<\/p>\n<p>CPS&#8217; primary services include the enrolment of all eligible recipients, issuance of a smart card to each recipient and the biometric validation and payment of social grants to such recipients.<\/p>\n<p>The term of the agreements commences on April 1, 2012 and terminates on March 31, 2017.<\/p>\n<p>&#8220;Now that the contract and service level agreement with SASSA has been concluded, we look forward to the implementation of our solution,&#8221; said Dr.Serge Belamant, chairman and CEO of Net1.<\/p>\n<p>&#8220;We are ready and committed to provide Sassa and the grant recipients with the highest level of service and payment security and look forward to the execution of this critical responsibility for the next five years,&#8221; he concluded.<\/p>\n<p>Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Net 1 UEPS Technologies said on Tuesday that its wholly owned subsidiary, Cash Paymaster Services (CPS) has signed a contract and service level agreement with the South African Social Security Agency (Sassa) for the award of the national payment tender announced in January.<\/p>\n","protected":false},"author":9,"featured_media":5589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[787,783,789,1366,1365],"class_list":["post-5587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-cash-paymaster-services","tag-net-1-ueps-technologies","tag-payment-solutions","tag-social-grants","tag-south-african-social-security-agency"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=5587"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5587\/revisions"}],"predecessor-version":[{"id":5592,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/5587\/revisions\/5592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/5589"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=5587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=5587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=5587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}