Jabu Mabuza
Net1, the company that used to manage the payment of social grants in South Africa through its subsidiary Cash Paymaster Services and which is a minority shareholder in Cell C, has appointed former Telkom and Eskom chairman Jabu Mabuza as chairman-designate of its board.
The company has also appointed Antony Ball, the founder of Brait, to the board, along with Ali Mazanderani, who is a former partner at private equity player Actis.
The cooperation agreement aims to facilitate constructive engagement between Net1 and VCP on a range of topics
Ball is co-founder and chairman of Value Capital Partners, a private investment firm that has a stake in JSE-listed technology group Altron.
Ball was appointed “pursuant to a cooperation agreement signed between Net1 and VCP.
The cooperation agreement aims to facilitate constructive engagement between Net1 and VCP on a range of topics, including strategy, governance and capital allocation,” Net1 said.
