Net 1 Ueps Technologies (UEPS)

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8.985 -0.53  -5.52% NASDAQ Apr 17, 8:00PM BATS Real time Currency in USD

Net 1 Ueps Technologies News

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S.African court orders new $900 mln welfare payments tender
Reuters 04/17 11:14 ET

South Africa's highest court has ordered the government to open a new tender for the distribution of social welfare grants, four months after nullifying a 10 billion rand ($947 million) contract won by Net 1 UEPS Technologies. Net1 said in statement on Thursday the Constitutional Court had allowed it to continue providing grants to millions of pensioners on behalf of the state until a new five-year tender has been issued. The South African Social Security Agency (SASSA) would have to come up with a new tender within 30 days, Net 1 said. The ruling follows a legal battle between NET 1 and Barclay's Africa unit AllPay, which lost out on the initial welfare payments contract and launched a lawsuit against SASSA and its rival.

Why Net 1 UEPS (UEPS) Stock Is Down Today
The Street 04/17 10:17 ET

Net 1 UEPS (UEPS) dropped Thursday after The Constitutional Court of South Africa, the nation's highest court, ordered the cancellation of a contract awarded to the electronic payment systems technology company. The court ordered the government to open a new tender to disseminate social welfare grants just four months after it invalidated a $947 million contract won by Net 1. The court permitted it to continue providing grants to millions of pensioners on the state's behalf until the issuing of a new five-year tender, the company announced Thursday. Net 1 also said The South African Social Security Agency would have 30 days to come up with a new tender.

South African Constitutional Court Pronounces Remedy for SASSA Tender
Marketwired 04/17 09:00 ET

Net 1 UEPS Technologies Inc. today announced that the South African Constitutional Court has ruled on the appropriate remedy following its declaration on November 29, 2013, that the tender process followed ...

Net 1 UEPS Technologies Becomes Oversold (UEPS)
The Street 04/17 08:54 ET

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100.

Net1 Implements Black Economic Empowerment ("BEE") Transactions
Marketwired 04/16 09:00 ET

Net 1 UEPS Technologies, Inc. today announced that all conditions related to its Relationship Agreements with its BEE partners, concluded during December 2013, have been fulfilled and the Company issued ...

Nasdaq stocks posting largest percentage increases
AP 04/09 13:16 ET

A look at the 10 biggest percentage gainers on Nasdaq at the close of trading: InterCloud Systems rose 22.9 percent to $12.90. Bind Therapeutics rose 12.0 percent to $15.40. RiceBran Tech rose 10.6 percent ...

Net 1 UEPS Technologies, Inc. to Host Conference Call to Review Third Quarter 2014 Results
Marketwired 04/08 16:05 ET

Net 1 UEPS Technologies Inc. today announced it will release third quarter 2014 results after the market close on May 8, 2014. Net1 management will host a conference call to review these results on May ...

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Symbol Price Chg Chg % Market Cap
UEPS 8.985 -0.53 -5.52% 411.27M
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