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.