Net1 Appoints Mr. Kuben Pillay as Chairman and Ms. Nonkululeko N. Gobodo as Board Member
18 Agosto 2021 - 10:05PM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or
the “Company”) today announced that it has appointed Mr. Kuben
Pillay as Chairman of the Board of Directors (“Board”) as of August
18, 2021. Mr. Pillay has been a non-executive director since June
2020 and fills this role as a result of the untimely death of Mr.
Jabu Mabuza who passed away as a result of Covid-19 complications
earlier this year.
“I am truly humbled by this appointment and will
continue on the strong path of renewal started by my predecessor,
Jabu Mabuza, of ethical and values driven leadership, and a passion
and commitment to better financial services for the underserved. I
will seek to bring diverse localised management and board
experience in governance, regulatory, digital, transaction
processing and transformation,” said Mr. Pillay.
Mr. Pillay serves on a number of South African
public and private corporate boards. These include being the
Chairman of Sabvest Limited, and the Lead Independent Director of
the OUTsurance group of companies, and a non-executive director of
Transaction Capital Limited. Mr. Pillay has previously served and
retired as Chairman of the boards, of Mineworkers Investment
Company (MIC), Primedia Limited and Cell C Limited.
The Company also appointed Ms. Nonkululeko N.
Gobodo as an independent non-employee director to its Board as of
August 18, 2021. Ms. Gobodo will chair Net1’s Social and Ethics
Committee and will be a member of its Audit Committee.
Ms. Gobodo is the first black female-chartered
accountant in South Africa and brings a wealth of accounting and
auditing experience from over 35 years of executive experience. She
also has extensive experience as a non-executive director, having
served on many boards including JSE listed Clicks Group Limited,
PPC Limited and Shoprite Holdings Limited, as well as, Mercedes
Benz, Imperial, the SA Maritime Authority, and the South Africa
Revenue Service audit committee.
She is a pioneer in her field, having
established her own successful accounting and audit firm during the
apartheid era. The firm grew to become SizweNtsalubaGobodo (“SNG”),
the largest black accounting firm in South Africa and fifth-largest
overall. In 2018, SNG acquired the Grant Thornton South Africa
licence. In 2016, she founded Nonkululeko Leadership Consulting, a
boutique, black-owned and managed leadership consulting firm based
in Sandton and served as its CEO for five years. In May 2021, she
started Awakened Global, a movement that calls for Africans and
women to awaken to their authentic power.
“I would like to extend a warm welcome to Nonku
as she joins our company,” said Mr. Pillay. “We believe that she
will contribute towards strengthening the leadership of Net1 as it
fulfils its mandate of providing financial services to
underserviced consumers in South Africa,” he concluded.
Mr. Chris Meyer, Net1’s newly appointed Group
CEO said, “The new appointments bring a wealth of experience as
prominent business leaders across the private and public sectors in
Africa, including a strong track record with corporate turnarounds
and we look forward to benefiting from their guidance.”
Mr. Lincoln Mali, Net1’s CEO Southern Africa
said, “The difficult times South Africa faces call for the best
minds with both a strong corporate track record and a passion for
social justice to step up to key leadership roles. These inspired
new appointments will greatly assist Net1 on in its chosen path of
financial inclusion, which is an important element of creating a
more equitable society.”
The Board also reconstituted its Board
committees and the following table presents its reconstituted
committees:
Director |
|
Audit |
|
Remuneration |
|
NominatingandCorporateGovernance |
|
Social andEthics |
|
CapitalAllocation |
Kuben Pillay |
|
|
|
X |
|
X* |
|
X |
|
|
Antony C. Ball |
|
|
|
X* |
|
X |
|
|
|
X* |
Ian O. Greenstreet |
|
X |
|
|
|
|
|
|
|
X |
Nonkululeko Gobodo |
|
X |
|
|
|
|
|
X* |
|
|
Javed Hamid |
|
|
|
|
|
X |
|
|
|
|
Ali Mazanderani |
|
|
|
|
|
|
|
|
|
X |
Monde Nkosi |
|
|
|
X |
|
|
|
|
|
X |
Ekta Singh-Bushell |
|
X* |
|
|
|
X |
|
X |
|
|
|
|
|
|
|
|
|
|
|
|
|
* Chairperson |
|
|
|
|
|
|
|
About Net1 (www.net1.com)
Net1 is a leading financial technology company
that utilizes its proprietary banking and payment technology to
deliver on its mission of financial inclusion through distribution
of low-cost financial and value-added services to underserved
consumers and small businesses in Southern Africa, which represents
a significant segment of these economies. The Company also provides
transaction processing services, including being a payment
processor and bill payment platform in South Africa. Net1 leverages
its strategic investments to further expand its product offerings
or to enter new markets.
Net1 has a primary listing on NASDAQ (NasdaqGS:
UEPS) and a secondary listing on the Johannesburg Stock Exchange
(JSE: NT1). Visit www.net1.com for additional information about
Net1.
Investor Relations Contact:Dara
Dierks Managing Director – ICR Email: net1IR@icrinc.com
Media Relations Contact:Bridget
von HoldtCo-Market Leader | MD – BCWPhone: +27-82-610-0650Email:
Bridget.vonholdt@bcw-global.com
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