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Net1 UEPS Technologies board adds independent member

Net 1 UEPS Technologies Inc. has added Alfred Mockett to its board as an independent nonemployee director, effective June 1.

Mockett currently serves as nonexecutive chairman of Hibu Group Ltd. and nonexecutive director of Corporate Risk Holdings LLC.

The company's board now includes one executive and four independent directors. Mockett was nominated by the International Finance Corp., a member of the World Bank Group and a large shareholder of Net 1 UEPS Technologies, through a policy agreement between it and the company.