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Executive Officers

Executive Officers and Significant Employees of the Registrant

The table below presents our executive officers, their ages and their titles:
Name Title Age
Herman G. Kotze  Chief Executive Officer and Director 47
Alexander M. R. Smith Chief Financial Officer, Treasurer, Secretary and Director 49
Philip S. Meyer Managing Director of Transact24 Limited 60
Phil-Hyun Oh Chief Executive Officer and President, KSNET, Inc. 58
Nanda Pillay Managing Director: Southern Africa 46
Nitin Soma Senior Vice President of Information Technology 50


Herman Kotzé  has been our chief executive officer from June 1, 2017 and served as our chief financial officer, secretary and treasurer from 2004 to February 28, 2018. From January 2000 until June 2004, he served on the board of Aplitec as Group Financial Director. Mr. Kotzé joined Aplitec in November 1998 as a strategic financial analyst. Prior to joining Aplitec, Mr. Kotzé was a business analyst at the Industrial Development Corporation of South Africa. Mr. Kotzé has a bachelor of commerce honors degree, a post graduate diploma in treasury management, a higher diploma in taxation, completed his articles at KPMG, and is a member of the South African Institute of Chartered Accountants.

Alexander Smith has been our chief financial officer, secretary and treasurer since March 1, 2018. Prior to joining Net1, Mr. Smith was chief financial officer and director of Allied Electronics Corporation ("Alltron"), a JSE-listed company with over $1 billion in annual revenue operating in the telecommunications, multimedia, information technology and power electronics industries. Prior to joining Alltron in 2008, Mr. Smith worked in various positions at PricewaterhouseCoopers in Edinburgh, Scotland and Johannesburg. Mr. Smith holds a Bachelor of Law (Honours) degree from the University of Edinburgh and is a member of the Institute of Chartered Accountants of Scotland.

Philip Meyer  has been the Managing Director of Transact24 Limited since he founded the company in 2006. Mr. Meyer has worked in the payments industry for over 20 years. Prior to incorporating Transact24, he was employed by Naspers, a global media group, as its Chief Executive: Information Technology and New Media and was responsible for all existing and new technology and media for Naspers. Mr. Meyer is a qualified engineer with a masters in engineering (electronic) and has a postgraduate diploma in strategic management. Mr. Meyer is registered with the Engineering Counsel of South Africa, is a member of the South Africa Institute of Electrical Engineers and is also a member of the Digital, Information & Telecommunications Committee and Asia & Africa Committee, Hong Kong General Chamber of Commerce.

Phil-Hyun Oh  has served as Chief Executive Officer and President of KSNET since 2007. He is the Chairman of the VAN Association in South Korea. Prior to that, he was the Managing Partner at Dasan Accounting Firm and was the Head of the Investment Banking Division at Daewoo Securities. Mr. Oh is responsible for the day to day operations of KSNET and as its Chief Executive Officer and President is instrumental in setting and implementing its strategy and objectives.

Nanda Pillay joined us in May 2000 and is responsible for our Southern African operations, consisting primarily of CPS, Lending, EasyPay and SmartSwitch Botswana.

Nitin Soma has served as our Senior Vice President of Information Technology since June 2004. Mr. Soma joined Aplitec in 1997. He specializes in transaction switching and interbank settlements and designed the Stratus back-end system for Aplitec. Mr. Soma has over 20 years of experience in the development and design of smart card payment systems. Mr. Soma has a bachelor of science (computer science and applied mathematics) degree.

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