Lesaka

Leadership

Board of Directors
Kuben Pillay
 Antony C. Ball
Nonkululeko N. Gobodo
Ian Greenstreet
Javed Hamid
Ali Mazanderani
Monde Nkosi
Ekta Singh-Bushell
Lincoln Mali
Steven Heilbron
Kuben Pillay: Chairman
Independent non-executive director since 2020

Qualifications: BA LLB (University of the Witwatersrand); MCJ (Howard University).

Expertise: Legal and corporate governance; media and consumer affairs; broad experience as a director of several publicly traded companies covering a broad range of industries.

Kuben serves on South African public and private corporate boards including as chairman of Sabvest Limited (JSE: SBV), lead independent director of OUTsurance and as the independent non-executive director of Transaction Capital Limited (JSE: TCP). He served as the group CEO of the Primedia Group from 2009 to 2014 and thereafter as its non-executive chairman from 2014 to 2016. Mr. Pillay was a managing financial partner at public interest law firm Cheadle Thompson & Haysom before joining Mineworkers Investment Company (Pty) Ltd in 1996 as a founding executive director, and later serving as its non-executive chairman. Mr. Pillay most recently served as the independent non-executive chairman of Cell C Limited from August 2017 to October 2019.
Antony C. Ball: Independent non-executive director since 2020
Qualifications: BCom (Hons) (University of Cape Town); MPhil (Management Studies) (University of Oxford) where he studied as a Rhodes Scholar; CA(SA)

Expertise: Private equity; public markets; finance, accounting and corporate governance; broad experience as an officer and director of several publicly traded companies covering a broad range of industries.

Antony is co-founder and chairman of Value Capital Partners (Pty) Ltd, a South Africa-based investment firm. Prior to this, he co-founded Brait PLC in 1990, a leading South African private equity firm regarded as a pioneer of private equity in the region. Antony held various leadership positions at Brait, including Deputy Chairman and CEO, between 1998 and 2011 after which he became a non-executive director until 2013. Antony led Brait's investment in Net1 in 2004.
Nonkululeko N. Gobodo: Independent non-executive director since 2021
Qualifications: BCom (University of Transkei); BAcc (University of South Africa); CA(SA)

Expertise: Finance and audit; knowledge of the South African marketplace; South African-centric perspective.

Nonkululeko was the first black female to qualify as a chartered accountant in South Africa. She brings a wealth of accounting and auditing experience from over 35 years of executive experience. She also has extensive experience as a non-executive director, having served on many boards including JSE-listed Clicks Group Limited, PPC Ltd and Shoprite Holdings Ltd, as well as Mercedes-Benz South Africa Limited, Imperial Logistics Limited, South African Maritime Safety Authority, and the South African Revenue Service Audit Committee. Nonkululeko is a pioneer in her field, having established her own successful accounting and audit firm during the apartheid era. The firm grew to become SizweNtsalubaGobodo (SNG), the largest black accounting firm in South Africa and its fifth largest. In 2018, SNG acquired the Grant Thornton South Africa license. In 2016, Nonkululeko founded Nonkululeko Leadership Consulting, a boutique, black-owned and managed leadership consulting firm based in Sandton and served as its CEO for five years. In May 2021, she started Awakened Global, a movement that calls for Africans and women to awaken to their authentic power.
Ian Greenstreet: Independent non-executive director since 2020
Qualifications: BCom (Accounting and Computer Science) (University of Manchester); FCA

Expertise: Substantial financial institutions experience; risk, financial and accounting expertise; skills in corporate governance issues.

Ian is chairman and founder of Infinity Capital Partners Ltd and currently sits on the advisory committee of the London Stock Exchange and the board of United Bank of Africa in London. He represented the International Finance Corporation on the board of Assupol Holdings Limited and Assupol Life Limited in South Africa, served on the board of Diamond Bank Plc in Nigeria, was a representative of the FMO (the Dutch state development bank) and served on the board of Bank of Africa. Ian was regional head of risk for ABN AMRO Bank N.V. and a board member and head of Henderson Fund Management (Luxembourg) S.A.
He has attended a programme at Harvard Business School on driving Digital and Social Strategy and is a fellow of the Institute of Chartered Accountants in England and Wales (FCA) having trained with Deloitte in London. He has been recognised as one of the 100 most influential black people in the United Kingdom for the last four consecutive years as well as in the UK's top 50 of Black, Asian and Minority Ethnic figures in 2016.
Javed Hamid: Independent non-executive director since 2020
Qualifications: MBA (Harvard Business School); MA (University of Cambridge); BA (Economics) (University of Cambridge); BA (Economics, Mathematics and Statistics) (University of Punjab).

Expertise: Substantial international experience; risk and financial expertise; experience managing international investments; skills in corporate governance issues.

Javed is currently a senior advisor to the International Executive Service Corps and has held various positions with the International Finance Corporation (IFC) – a member of the World Bank Group and a major shareholder in Net1 from 1979 to 2006. He was on the Management Committee of the IFC and served as Regional Director for East Asia and Pacific. He has served as a member on the board of listed banks in Pakistan and Serbia. He currently chairs the board of Small Enterprise Assistance Funds (USA) and is on the board of Salem University (USA) and Asia Research Capital Management (Hong Kong). He has extensive international banking, investment and project finance experience and a strong background in investing in emerging markets, structuring investments, managing international investment portfolios, and providing technical assistance to companies in developing countries. He has a keen interest in sustainable development and corporate governance issues.
Ali Mazanderani: Independent non-executive director since 2020
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.
Monde Nkosi: Independent non-executive director since 2020
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.
Ekta Singh-Bushell: Independent non-executive director since 2018
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.
Lincoln Mali: Chief Executive Officer: Southern Africa
Executive director since 2021

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.
Steven Heilbron: Chief Executive Officer: Connect Group
Executive director since 2022

Qualifications: CA(SA); BCom

Expertise: Finance, Investments, Business Leadership, Mergers and Acquisitions

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.
Lesaka Group Exco
Chris G.B. Meyer
Naeem E. Kola
Alex M.R. Smith
Chris G.B. Meyer: Group Chief Executive Officer
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.
Naeem E. Kola: Chief Financial Officer
Qualifications: CA(SA); BAccSc (University of the Witwatersrand).

Expertise: Finance Reporting and Operations, Fintech, Mergers and Acquisitions, Strategy, Investor Management, IPO, Leadership

Naeem has held progressively senior finance roles across the Middle East and Africa, based in 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.
Alex M.R. Smith: Chief Accounting Officer
Director since 2018

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.