Net1 appoints former Cell C chair to its board

Payment solutions provider Net1 UEPS Technologies [JSE:NT1] has appointed retired Cell C chair Kuben Pillay to its board.

The group is the parent company of Cash Paymaster Services, which used to run SA's social grant payment system. It said Pillay will join as an independent director from 1 June 2020, and will also sit on the Net1 board’s nominating and corporate governance committee, as well as the audit and remuneration committee.

Pillay retired as the non-executive chairman of Cell C in October 2019 after serving in that position for a little over two years. Prior to that, he was the non-executive chairman of Primedia and had served as its CEO before taking up the chairmanship. Pillay is currently a non-executive director at Outsurance, investment holding company Sabvest, and at Transaction Capital, the company that owns minibus finance business SA Taxi. He also serves on various board committees in these companies.

Net1 said Pillay would bring diverse localised management and experience in legal, digital, transaction processing and technology operations to its board. He holds law qualifications from the University of the Witwatersrand and Howard University in Washington DC.

"I am very pleased that Kuben will be joining our board. His qualifications and broad experience in numerous sectors will be very welcome," said Net1 board chairman Christopher Seabrooke.

Compiled by Londiwe Buthelezi

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.11
(-0.02)
ZAR/GBP
20.24
(-0.06)
ZAR/EUR
18.04
(-0.17)
ZAR/AUD
11.13
(-0.02)
ZAR/JPY
0.14
(-0.08)
Gold
1812.14
(+0.23)
Silver
23.35
(+0.09)
Platinum
966.00
(+0.77)
Brent Crude
48.73
(+1.57)
Palladium
2358.00
(+2.04)
All Share
57742.19
(-0.03)
Top 40
52940.79
(-0.20)
Financial 15
11641.10
(-0.29)
Industrial 25
79835.50
(-0.36)
Resource 10
52605.42
(+0.07)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
22% - 338 votes
No, I did not.
51% - 792 votes
My landlord refused
27% - 427 votes
Vote