Bobby Skinstad on the Lions Tour, Sabvest and Net1
The Lions Tour is coming to SA this year. Former Springbok Captain Bobby Skinstad told BizNews about the tour which could mean great things for the country.
The Lions Tour is coming to SA this year. Former Springbok Captain Bobby Skinstad told BizNews about the tour which could mean great things for the country.
The Unemployment Insurance Fund has paid out just over R3.3bn to people whose work and income have been affected by the Covid-19 pandemic.
Despite the South African ruling political party’s worst showing in a national election since 1994, global investors celebrated the ANC’s 57.5% victory as an improvement.
The approach with the Biznews SA Champions portfolio is to buy into JSE-listed companies which are investing heavily in the global arena.
Serge Belamant reckons he was a casualty of political infighting and unfounded attacks on his integrity, including by 16% shareholder Allan Gray.
The Biznews SA Champions portfolio comprises of eight companies founded locally but making waves overseas.
Net1 UEPS Technologies has agreed to pay its founder and chief executive officer an $8m severance payment and an about 14% premium on his shares.
Net1 founder, Serge Belamant, will retire early after a storm of controversy over a contract it holds to distribute welfare payments to 17 million people.
Net1 says Cash Paymaster Services will make payments to 10.5 million eligible grant recipients on the 1st April.
Investigations into Net1 by the US Justice Department, the SEC and the Hawks, which found nothing untoward, threatened huge fines and jail time. But this one is even more important for Net1. It’s existential.