Net1 expresses condolences on the passing of its Chairman Jabu Mabuza
June 17 2021 - 9:15AM
Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1”
“we” or the “Company”) today announced that its Chairman, Jabu
Mabuza, passed away on June 16, 2021. We are deeply saddened by the
news of the passing of Jabu Mabuza and extend our condolences to
his family. As a business leader he was fearless, well respected
and spoke from the heart. When he joined the Net1 board as Chairman
in May 2020 he brought a wealth of experience across the private
and public sectors in Africa, including a strong track record with
corporate turnarounds and we benefitted enormously from his
guidance. He led a significant board change with skill, purpose and
humility. He was a strong believer in Net1’s mission of serving the
underbanked communities of South Africa and was committed to Net1’s
renewed focus on financial inclusion for all.
Jabu will be remembered as a philanthropist and
a patriotic South African. We will miss that iconic hat, his
ability to make us think differently and his great sense of humor.
Jabu touched all our lives.
About Net1
Net1 is a South African-focused financial
technology company with a presence in Africa and Asia. Net1
utilizes its proprietary banking and payment technology to
distribute low-cost financial and value-added services to
underserved consumers and small businesses. The Company also
provides transaction processing services, including being a payment
processor and bill payment platform in South Africa. Net1 leverages
its strategic investments in banks, telecom and mobile payment
technology companies 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 HoldtBusiness Director – BCWPhone: +27-82-610-0650Email:
Bridget.vonholdt@bcw-global.com
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