Net1 UEPS’s new chair, Jabu Mabuza, says the company can be reformed, as the payment solutions group works on rebuilding trust after a recent welfare scandal tarnished its image.

The company, which has extensive operations in emerging markets, named Mabuza — one of SA’s best-known business leaders, who started out as taxi owner — as the chair in a board shake-up that included Antony Ball, a co-founder and chair of activist investor Value Capital Partners as a board member.

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