Net 1 CEO Says Doesn’t Care About S. African Court Challenge

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The chief executive officer of Net 1 UEPS Technologies Inc., which has the contract to distribute South Africa’s 129 billion rand ($8.9 billion) in annual welfare payments, said he isn’t “remotely concerned” about the outcome of a court case that could stop deductions for services such as funeral insurance from state-funded grants to some of the country’s poorest people.

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