Allan Gray: Net1 can't be seen to be benefiting from grants distribution

Chief Operating Officer of Allan Gray, Rob Dower, says they are trying to get Net1 to do the sensible thing in the distribution of grants to 17 million grant beneficiaries on April 1. This is an obligation they've been executing for the past five years.

Dower says they were surprised by Net1's submissions to the Constitutional Court on Thursday in which they showed they will be making a huge profit out of the Sassa extended contract.

We certainly don't think it will be good for the company to be seen benefiting from this.

Rob Dower, Chief Operating Officer of Allan Gray

Dower says they have been putting pressure on Net1 to respond to the accusation made by Amabhungane (investigations unit) on Thursday claiming that they have proof that Net1 and CPS uses personal data of social grant beneficiaries to market its subsidiaries' products like selling them funeral cover, airtime and electricity.

We asked them to call it a holiday on airtime reductions and send free smses in someone's home language and offer them to opt out of the insurance contract. We are very keen to hear their explanation on the matter.

Rob Dower, Chief Operating Officer of Allan Gray

Allan Gray holds a 15.6% stake in the company on behalf of investors, making it the second largest shareholder in the company.

To hear more of this conversation, please listen below:


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Sassa debacle may be changing the minds of voters

Sassa debacle may be changing the minds of voters

The Money Show’s Bruce Whitfield interviews EWN’s Stephen Grootes about the political ramifications of the Sassa debacle.

'CPS markets subsidiaries' products to Sassa beneficiaries'

'CPS markets subsidiaries' products to Sassa beneficiaries'

Amabhungane says it has proof that Net1's subsidiaries use Sassa grantees personal data to sell them insurance and electricity.

How Sassa got itself into the dodgy grants tender saga with contractor CPS

How Sassa got itself into the dodgy grants tender saga with contractor CPS

Amabhungane investigative reporter Craig McKune reflects on the timeline of events which led Sassa to a legal contractor debacle.

Sassa has not lodged papers to extend CPS contract

Sassa has not lodged papers to extend CPS contract

Sassa still not lodged papers with the ConCourt to allow 'unlawful' contract with Cash Paymaster Services (CPS) to be extended.

Soulful Sunday Playlist: 22 January 2017

Soulful Sunday Playlist: 22 January 2017

Soulful sounds for your easy Sunday listening.

Popular articles
Competition Commission denies allegations of corruption

Competition Commission denies allegations of corruption

Commissioner at Competition Commission, Tembinkosi Bonakele says the allegations leveled against them are utter rubbish.

Parents no longer have to travel with children's birth certificates

Parents no longer have to travel with children's birth certificates

The new Home Affairs upgrades to the system include printing parents details at the back of the child's passport.

Tell me what you want: Study reveals most common sexual fantasies

Tell me what you want: Study reveals most common sexual fantasies

What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The story of amaBhungane (and how it’s digging up dung on the Guptas & friends)

The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

Meet Elmar Conradie, CEO of low-cost FlySafair (world’s most on-time airline)

The Money Show’s Bruce Whitfield interviews Conradie for his “ShapeShifter” feature.