South African NGOs question IFC’s investment into Net1
Corruption Watch, Black Sash and Equal Education have filed a complaint with the Compliance Advisor / Ombudsman of the International Finance Corporation, requesting that the ombud conduct a compliance appraisal and investigation into the circumstances of the IFC’s $107-million combined equity investment in Net1 UEPS Technologies Inc. and its subsidiary, Cash Paymaster Services (Pty) Ltd.
