NET1: Peeling away the layers
In light of the SASSA debacle, actuary Magda Wierzycka analyses the financial web of Net1, the company that runs the social grant payment system. Given the controversy around Net1, I decided to look at Net1 from an investment analyst’s perspective and to try to understand exactly what Net1 does and how it generates its profits. The company is a bit like an onion, every time you peel away a layer, you uncover something […]
