Lincoln Mali has big plans for Net1 Southern Africa


Lincoln Mali has been appointed as the new CEO of Net1 Southern Africa.

Net1 has announced the appointment of Lincoln Mali as the new CEO of Net1 Southern Africa, a new position for the company, with effect from 1 May.

Lincoln said that he is delighted about the appointment:

“I am excited to use Net1’s capabilities and work with my new colleagues to make Net1 a leading financial technology business.”

He explained that Net1 has unique capabilities, technology and infrastructure to provide financial services to unbanked and underbanked consumers and merchants. Furthermore, Net1 has a staff complement of over 2,500 competent and dedicated men and women.

“Joining the Net1 team aligns with my purpose of making a difference in society. I look forward to working with my new colleagues and stakeholders to drive financial inclusion for the unbanked and underbanked market. Hopefully our efforts will give these clients dignity and choice in financial services.”

Lincoln has over 25 years experience in the finance industry. He joins Net1 from the Standard Bank Group, where he served as head of group card and payments.

He has vast experience working on the continent as in his former role he was the regional head for the western region in Africa, managing the Standard Bank Group Personal and Business Banking franchises in Angola, Democratic Republic of Congo, Ghana, Nigeria and Namibia.​

He chairs the board of directors for Diners Club South Africa and is a member of the CEMEA Business Council for Visa.

Net1 chairman Jabu Mabuza said that, after a thorough and rigorous search process, the company is delighted that Lincoln has agreed to join the company. “He has a very strong track record in consumer and merchant financial services across South Africa and 16 other African countries. Furthermore, he is a highly ethical business leader who is strongly aligned with Net1’s vision and mission.”

The company said that it continues to search for a group CEO. For now, CFO Alex Smith continues in the role of interim CEO until such an appointment has been made.

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