‘Dr Belamant’ bought his Phd
Serge Belamant, CEO of Net1 Ueps Technologies, has owned up to buying a fake Phd from “Burkes University” in 2003.
Belamant, who is always referred to as “Dr” Belamant in his company’s reports, apparently got duped into making a “donation” to the fake university, Net1 said in a statement.
This was after he was contacted via email by the supposed university’s Honorary Doctorates Committee.
“Belamant and the board have come to the conclusion that it is likely that Belamant was the unfortunate victim of a scam and that the honorary degree was not legitimate,” Net1 explained.
The company is listed on the JSE and the New York Stock Exchange, and makes much of its money from managing the payout of South Africa’s social grants for the SA Social Security Agency. –