Net1 posts first-quarter loss after Sassa grants shake-up

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The technology group swung into an operating loss of $2.7m (R39m) in the first quarter, hit by the loss of its social grants contract

The technology group swung into an operating loss of $2.7m in the first quarter, hit by the loss of its social grants contractFinancial services and technology group

Revenue fell 36% to $80.7m , with the company reporting an operating loss of $2.7m, as it continues to grapple with the fallout from changes to the grant distribution system at the SA Social Security Agency .

 

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