‘Dr Be­la­mant’ bought his Phd

CityPress - - Business - De­wald van Rens­burg

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. –

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