Net 1 UEPS Technologies, Inc. Announces Board, Chairman and Committee Appointments
August 18, 2021 at 04:06 pm EDT
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Net 1 UEPS Technologies, Inc. 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. 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.
Lesaka Technologies, Inc. (formerly Net 1 Ueps Technologies, Inc.) specializes in the development of electronic transaction and payment processing solutions and services to merchants and consumers. The activity is organized around 2 areas:
- electronic transaction and payment processing by chip cards: primarily to the distribution, online business, bank, money transfer services, health facilities and telecommunication sectors;
- inclusive financial services. In addition, the group offers electronic payment solutions and systems.