April 24, 2017 10:12 PM ET

Software

Company Overview of Cash Paymaster Services (Pty) Ltd.

Company Overview

Cash Paymaster Services (Pty) Ltd. offers mobile payment services. The company was incorporated in 1971 and is based in Kokstad, South Africa. Cash Paymaster Services (Pty) Ltd. operates as a subsidiary of Net 1 Ueps Technologies Inc.

43 Groom Street

Kokstad,  4700

South Africa

Founded in 1971

Phone:

27 39 727 3852

Fax:

27 39 727 4742

Key Executives for Cash Paymaster Services (Pty) Ltd.

Cash Paymaster Services (Pty) Ltd. does not have any Key Executives recorded.

Cash Paymaster Services (Pty) Ltd. Key Developments

Net1's Cash Paymaster Services (Pty) Ltd. Signs Addendum with SASSA for Provision of Services for Further 12 Months

Net 1 UEPS Technologies Inc. announced that its South African subsidiary, Cash Paymaster Services (Pty) Ltd. ("CPS"), has signed an addendum to its contract with the South African Social Security Agency ("SASSA"). The addendum extends the existing contract for a period of 12 months to March 31, 2018, under the current contract's terms and conditions, and also includes the specific terms as ordered by the Constitutional Court of South Africa in its March 17, 2017, ruling. The Company confirms that payment of the April grants to 10.5 million grant recipients is on track and affirms its commitment to uninterrupted service delivery.

Cash Paymaster Services (Pty) Ltd., Special/Extraordinary Shareholders Meeting, Mar 01, 2017

Cash Paymaster Services (Pty) Ltd., Special/Extraordinary Shareholders Meeting, Mar 01, 2017. Agenda: To discuss the payment of social grants beyond March 31, 2017 when the current contract between CPS and SASSA terminates.

Moneyline Financial Services (Pty) Ltd and Cash Paymaster Services (Pty) Ltd Receives Favorable Judgments from National Consumer Tribunal

Net 1 UEPS Technologies Inc. announced that it has prevailed in administrative actions brought by the South African National Credit Regulator against two subsidiaries of the company. On September 23, 2014 the company announced that the NCR had applied to the National Consumer Tribunal to cancel the registration of Net1's subsidiary, Moneyline Financial Services (Pty) Ltd. for breach of the South African National Credit Act based on an investigation concluded by it. Pursuant to the investigation, the NCA also issued two Compliance Notices ­ one to Cash Paymaster Services (Pty) Ltd. and one to Moneyline. CPS and Moneyline both objected to the Compliance Notices on the basis that they never contravened the NCA and applied to the Tribunal for a review of the Compliance Notices. Two separate hearings were held. The Tribunal has now delivered judgment in both the Moneyline and CPS cases and has granted the requested order that the Compliance Notices be set aside. In its judgments, the Tribunal stated that 'there appears to be no evidence to support the Respondent's (NCR) conclusion that CPS committed a contravention of section 68(1) of the Act' and 'The Applicant (Moneyline) has not been found to be engaging in an activity in a manner that is inconsistent with this Act, the National Credit Act.

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