Net1, a JSE-listed company, announced that it has appointed Lincoln Mali as CEO of Net1 Southern Africa, a new position for the company. Mali is currently the Head of Group Card and Payments at Standard Bank Group.
The company said Mali is a highly accomplished financial services executive with over 25 years in the industry.
He also chairs the board of directors of Diners Club South Africa and is a member of the Central and Eastern Europe, Middle East and Africa (CEMEA) Business Council for Visa.
“After a thorough and rigorous search process, we are delighted that Lincoln Mali has agreed to join Net1 as the CEO of Net1 Southern Africa. He has a very strong track record in consumer and merchant financial services across South Africa and 16 other African countries,” said Jabu Mabuza, Chairman of Net1.
“Furthermore, he is a highly ethical business leader who is strongly aligned with Net1’s vision and mission:”
Mali will join the company on May 1, 2021.
“Net1 has unique capabilities, technology and infrastructure to provide financial services to unbanked and underbanked consumers and merchants,” Mali said.
“Joining the Net1 team aligns with my purpose of making a difference in society, and I look forward to working with my new colleagues and other stakeholders to drive financial inclusion for the unbanked and underbanked market. Hopefully, our efforts will give these clients dignity and choice in financial services.”
Furthermore, the group is continuing with its search for a Group CEO and will communicate progress in due course.