Former Eskom chair Jabu Mabuza has been appointed chairman designate for Net1, the company whose subsidiary, Cash Paymaster Services, previously managed the payment of social grants in South Africa.
In a statement announcing the appointment of three independent directors to its board, Net1 said Mabuza, along with Ali Mazanderani, will join the board on 15 May, while the third independent non-executive director, Anthony Ball, will join it on 21 May.“Mr Mabuza has previously chaired Eskom – Africa’s largest utility, Telkom – one of South Africa’s leading telecommunications companies, and the African operations of Anheuser Busch InBev.
Brooke welcomed Mabuza, Mazanderani and Ball, adding that the company looks forward to benefitting from Mabuza’s guidance. “Jabu has a wealth of experience as a prominent business leader across the private and public sectors in Africa, including a strong track record with corporate turnarounds and we look forward to benefiting from his guidance,” Brooke said.
Source: News Formal (newsformal.com)
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