Alex M.R. Smith

    Alex M.R. Smith
    Chief Accounting Officer
    Qualifications:

    CA (Institute of Chartered Accountants of Scotland); LLB (Hons) (University of Edinburgh).

    Alex has been our Chief Financial Officer, Treasurer and Secretary since March 2018. He previously served as our interim Chief Executive Officer from October 2020 until July 2021. From August 2008 until February 2018, Alex served as Director and Chief Financial Officer of Allied Electronics Corporation Limited (Altron), a JSE-listed company. Prior to joining Altron, Alex worked in various positions at PricewaterhouseCoopers in Edinburgh, Scotland and Johannesburg from 1991 to 2005.

    Director Since

    Steven Heilbron

      Steven Heilbron
      Chief Executive Officer: Connect Group
      Executive
      Qualifications:

      CA(SA); BCom

      Expertise:

       

      Steven is registered as a chartered accountant with the South African Institute of Chartered Accountants (SAICA). He has two decades of financial services experience, having spent 18 years working for Investec in South Africa and the UK. Previously, he served as Global Head of Private Banking and Joint Chief Executive Officer of Investec Bank plc. He played a major role in a private consortium that acquired Cash Connect in 2013 and was subsequently appointed as its Chief Executive Officer. In 2018, Steven was instrumental in developing an alternative business financing solution, enabling business funding to SMEs in just 24 hours through Capital Connect. Following acquisitions in the beginning of 2020, the Connect Group was formed. In 2022, Steven was instrumental in negotiating the acquisition of Connect Group by Net1 to add significant scale to Net1’s B2B offering, bringing 44 000 micro, small and medium enterprises into the Merchant business division.

      Director Since

      Lincoln Mali

        Lincoln Mali
        Chief Executive Officer: Southern Africa
        Executive
        Qualifications:

        MBA (Henley Business School); LLB (Rhodes University); BA (Law and Politics).

        Expertise:

        Strong relationships and network with key industry players in South Africa; motivational leadership style.

        Lincoln was appointed as our Chief Executive Officer: Southern Africa on 1 May 2021. He is a financial services executive with over 25 years in the industry. Until April 2021, he was the Head of Group Card and Payments at Standard Bank Group, having served in many different roles within that organisation since 2001. Lincoln chaired the board of directors of Diners Club South Africa until April 2021, and was a member of the Central and Eastern Europe, Middle East and Africa Business Council for Visa. Besides his other qualifications, he has attended an Advanced Management Program at Harvard Business School and holds various diplomas in banking and management.

        Director Since

        Naeem E. Kola

          Naeem E. Kola
          Chief Financial Officer
          Executive
          Qualifications:

          CA(SA); BAccSc (University of the Witwatersrand).

          Expertise:

          Client to advise.

          Naeem has held progressively senior finance roles across the Middle East and Africa, based from Dubai, most notably as Group Chief Financial Officer of Emerging Markets Payments Group (EMP), a high-growth fintech business that grew materially and successfully concluded and integrated five acquisitions during Naeem's six-year tenure as Chief Financial Officer. Prior to this, Naeem was Senior Vice President for Finance, Investments, Strategy and Business Planning at Network International, a leading payment technology company in the Middle East. Since the acquisition of EMP by Network International in 2017, Naeem was an Operations Director and Strategic Advisor to the emerging market private equity firm Actis, where he again focused on fintech business investments and value creation initiatives.

          Director Since

          Chris G.B. Meyer

            Chris G.B. Meyer
            Group Chief Executive Officer
            Executive
            Qualifications:

            MSc (Finance) (London Business School); Postgraduate Diploma in Accounting (University of Cape Town).

            Expertise:

            Corporate transactions; leadership.

            Chris was appointed as our Group Chief Executive Officer on 1 July 2021. Prior to joining us, he was the Head of Corporate & Investment Banking and Joint Managing Director at Investec Bank plc, a London Stock Exchange-listed specialist bank and wealth manager, having served in many different roles within the Investec Group since 2001. Chris was also an executive director for various international and regional subsidiaries of Investec Bank plc. He is a member of the South African Institute of Chartered Accountants.

            Director Since

            Ekta Singh-Bushell

              Ekta Singh-Bushell
              Independent non-executive
              Qualifications:

              MSc (Electrical Engineering & Computer Science) (University of California, Berkeley); BSc (Engineering) (University of Poona).

              Expertise:

              Finance, audit, technology, and cybersecurity; international experience.

              Ekta serves as a member of the board and chair of the technology committee for Huron Consulting Group (NASDAQ: HURN), a global consulting company offering services to healthcare, higher education, life sciences and commercial industries; Designer Brands Inc. (NYSE: DBI), a leading footwear and accessories manufacturer and retailer, where she is a member of the audit and nominating and corporate governance committees; TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global customer experience technology and services company focusing on the design, implementation and delivery of transformative customer experience for various brands, where she is a member of the audit, nominating and corporate governance committees; and Datatec Limited (JSE: DTC), an international ICT solutions and services group, where she serves as Lead Independent Director and is a member of the audit, risk and compliance and nomination committees. From 2016 to 2017, Ekta served as deputy to the first vice president, chief operating officer executive office, at the Federal Reserve Bank of New York. She also serves as a strategic board advisor to DecisionGPS LLC, a business analytics start-up. Prior to 2016, Ekta worked at Ernst & Young, serving in various leadership roles including global IT Effectiveness Leader, USA Innovation & Digital Strategy Leader and Chief Information Security Officer. She is a member of the board of Women's Health Access Matters, a non-profit that supports increased awareness in women's health research, and served in various leadership roles for the Asian American Federation between 2004 and 2014. Ekta is a Certified Public Accountant and holds advanced international certifications in governance, information systems security, audit and control.

              Director Since

              Monde Nkosi

                Monde Nkosi
                Independent non-executive
                Qualifications:

                MA (Education) (Stanford Graduate School of Education); MBA (Stanford Graduate School of Business); BBusSc (University of Cape Town).

                Expertise:

                Corporate strategy; corporate finance and capital.

                Monde is an investor with experience in private and public equities in South Africa and the USA. He is an executive director of Value Capital Partners (Pty) Ltd and a non-executive director of several listed businesses, including ADvTECH Group Ltd and Grand Parade Investments Limited. He was previously on the investment team of FFL Partners, a San Francisco-based private equity firm managing more than USD2 billion. Prior to that, Monde was a management consultant at Bain & Company focused on financial services and telecommunications clients across Sub-Saharan Africa.

                Director Since

                Ali Mazanderani

                  Ali Mazanderani
                  Independent non-executive
                  Qualifications:

                  MSc (Economics) (University of Oxford); MSc (Economic History) (London School of Economics and Political Science); MBA (INSEAD); Executive Master Business Law (University of St. Gallen); BCom (Hons) (Economics) (University of Pretoria).

                  Expertise:

                  International experience in strategy, payments, technology, and private equity.

                  Ali is a fintech investor and entrepreneur. He is the co-founder and chairman of SaltPay. He is also a non-executive director on the board of several companies including StoneCo (Nasdaq: STNE) in Brazil. He was formerly a Partner at Actis, an emerging market private equity firm, where he led multiple landmark fintech investments globally. Prior to his career at Actis, Ali advised private equity and corporate clients for OC&C Strategy Consultants in London and then served as the lead strategy consultant for First National Bank based in Johannesburg.

                  Director Since