Net1 UEPS, which was recently rocked by a social grants distribution scandal, dismissed vague talk that it picked Jabu Mabuza, one of SA’s best known business leaders, as chair to help clean up its public image.

“The reason we think Jabu is a prime candidate is not because we believe he has some magic wand he can wave to resolve any remaining issues we have,” CEO Herman Kotzé told Business Day in an interview...

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