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Net1 expresses condolences on the passing of its Chairman Jabu Mabuza
Net 1 UEPS Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: UEPS
JSE share code: NT1
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Net1” “we” or the “Company”)
Net1 expresses condolences on the passing of its Chairman Jabu Mabuza
Johannesburg, June 17, 2021 – Net1 (NasdaqGS: UEPS; JSE: NT1) 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 Holdt
Business Director – BCW
Phone: +27-82-610-0650
Email: Bridget.vonholdt@bcw-global.com
Johannesburg
June 17, 2021
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 17-06-2021 03:18:00
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