In this business [Net1 UEPS] there are clearly more issues than in most others.— Andrew Lapping, Allan Gray
It’s extremely unfortunate that there’s a great deal of poverty in this country. It’s tricky to say those people shouldn’t have access to certain financial services.— Andrew Lapping, Allan Gray
Allan Gray says its decision to invest in Net1 UEPS – parent company of social grants distributor Cash Paymaster Services (CPS) – caused vigorous debates among its investment team.
The asset manager owns 15.6% of Net1 UEPs.
The Money Show’s Bruce Whitfield interviewed Allan Gray Chief Investment Officer Andrew Lapping.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
We have engaged – because of the issues – far more than most.— Andrew Lapping, Allan Gray
We share your concerns.— Andrew Lapping, Allan Gray
We ensure that any business we’re investing in provides good value to their customers.— Andrew Lapping, Allan Gray
Without doubt; it is fairly grey.— Andrew Lapping, Allan Gray
We are OK with it. But our minds are always open.— Andrew Lapping, Allan Gray
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator’s Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Dracore Data Services CEO Chantelle Fraser.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Peter Hain (Wits Business School) and Steven Powell (Director in Forensics at ENS Africa).
Cash Paymaster Services shareholder Net1 UEPS is using the database of grant recipients to cross-sell services, says Sygnia’s CEO.
Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?