[LISTEN] Allan Gray doesn’t want CPS to make profit illegally

Dower said they had contacted Net1 with suggestions to resolve the issue but were awaiting an official response.

Allan Gray COO Rob Dower, says they have approached Net1 to stop deducting airtime illegally.

The investment firm says it will consider calling a shareholder meeting to remove the board of Net1 should the South Africa Social Security Agency (Sassa) debacle continue.

Dower said they had contacted Net1 with suggestions to resolve the issue but were awaiting an official response.

Dower added that Allan Gray was surprised by media reports that shareholders of Net1 demanded a profit from an extension of Cash Paymaster Services contract with Sassa to handle social grant payouts.

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