Insights category - companies

Net1 announces Serge Belamant’s retirement

Net1 has announced that Serge Belamant will retire as chief executive officer (CEO) and director of the company at the end of this month and Herman Kotzé, currently the company’s chief financial officer, has been appointed as CEO effective June 1, 2017.

We are pleased with the change, which we see as a definite step in the right direction. It will hopefully make it much easier for the company to move forward and make the negotiations around the grant payment transition simpler. The new CEO will be able to look at the Net1 business practices and implement changes that allow for improved service to grant recipients and faster resolution of any disputes or queries.

For more information, please read the SENS announcement. 

Select a site

The financial services, products or investments referred to on this website are not available to persons resident in jurisdictions where their availability or distribution would contravene local laws or regulations and the information on this website is not intended for use by these persons. This website is for information only and does not in any way constitute a solicitation or offer by Allan Gray Proprietary Limited or any of its associates or subsidiaries (collectively “Allan Gray”) to buy or sell any financial instruments or to provide any investment advice or service.

By selecting one of the countries below I confirm that I have read and understood the above and that:

(a) I am not a South African citizen; or 
(b) I do not reside in the Republic of South Africa; or 
(c) I am not otherwise a person to whom the communication of the information contained in this website is prohibited by the laws of my home jurisdiction; and 
(d) I am not acting for the benefit of any such persons mentioned in (a),(b) and (c) and 
(e) I confirm that any investment with Allan Gray is based on my own initiative and not due to any offer or solicitation by Allan Gray.