Alex Smith returns to role of CFO at Net1

Alex has been serving as interim CEO while Net1 was in the process of appointing a new CEO.

Alex Smith has returned to his role as the CFO of Net1 UEPS Technologies following the appointment of Chris Meyer as the company’s new group CEO.

Alex has been serving as the company's interim CEO since August 2020, when Herman Kotzé resigned.

Chris joins Net1 after a 20-year career with Investec Bank, where he led Investec's international Corporate and Investment bank. He was also an executive director for Investec and various international and regional subsidiaries.

“I am delighted to be appointed as group CEO of Net1,” Chris said. “I am passionate about building people, teams and businesses, and inspired by watching them grow. Net1 has incredible assets and capabilities, in South Africa and abroad.”

He added that, as a proud South African, he is incredibly excited to be joining Net1 at such a pivotal stage in the company’s journey as it resets its vision and “builds a world-class, inclusive and transparent banking offering for the unbanked and underbanked in South Africa”.

“This is a mission that has deep personal meaning for me and is something we will deliver on with focus and passion. I aim to work towards creating a company that will be a force for good whilst also unlocking value for shareholders,” Chris said.