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News For UEPS From The Last 14 Days
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November 25, 2014
16:16 EDTUEPSNet 1 UEPS says applied for court order directing SASSA to issue corrected RFP
Net 1 UEPS Technologies provided an update on the South African Social Security Agency, or SASSA, tender process. Following a detailed analysis of the tender specifications, the company concluded that the tender specifications were not sufficiently clear regarding a number of critical points and failed to comply with the RFP requirements specified in the Court's order. The company wrote a letter to SASSA, requesting that the RFP be withdrawn, corrected and reissued. SASSA declined the company's request and, in order to avoid further delays and prejudice, the Company applied to the Constitutional Court on November 6 for an order setting aside the RFP and directing SASSA to issue a corrected RFP. SASSA and AllPay, an unsuccessful bidder during the previous RFP, and a party to the Court's April 2014 ruling, are opposing our application. Similar to the original litigation that followed the previous tender process, the company believes the AllPay answering affidavit contains numerous baseless allegations regarding the company's business practices and disclosures, which the company denies. "We cannot predict when, or if, the Court will consider our application or what the outcome will be," Net 1 stated.

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