South African electronic payment provider Net 1 UEPS Technologies has secured loans of R1.4bn (US$101.7m) to help fund its acquisition of a 15% stake in Blue Label Telecoms – a precursor to Blue Label taking a 45% stake in debt-laden mobile operator Cell C for R5.5bn (US$399.5m). The new two-year loan facilities are from FirstRand Bank acting through […]