Net1 Taps Ex-Cell C Chairman as a Board Director

Controversial Net1 UEPS Technologies (Net1) has appointed former mobile phone operator Cell C’s chairman Kuben Pillay to its board.

The JSE and Nasdaq-listed firm, which is a shareholder in struggling Cell C, said Pillay’s appointment as an independent non-employee director is effective June 1, 2020.

The company added that he will also serve on the nominating and corporate governance, audit and remuneration committees.

Pillay served as the non-executive chairman of Cell C from August 2017 to October 2019.

“I am very pleased that Kuben will be joining our Board,” said Christopher S. Seabrooke, chairman of Net1.

“His qualifications and broad experience in numerous sectors will be very welcome.”

Net1 said Pillay serves on South African public and private corporate boards to which he brings diverse localized management and board experience in legal, digital, transaction processing and technology operations. These include being a non-employee director of Transaction Capital, Sabvest, and the OUTsurance group of companies.

He was the non-executive chairman of Primedia from February 2014 to December 2016, and also served as its group CEO from August 2009 to January 2014.

An attorney by profession, Pillay was a managing financial partner at attorneys Cheadle Thompson and Haysom before joining Mineworkers Investment Company Proprietary Limited in 1996 as a founding executive director, and later as the non-executive chairman of Mineworkers Investment Company.

Pillay lives and works in South Africa.

Also read: The ‘Vodacom Cabal’ Must Go To Save Cell C


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