Serge Belamant, Founder of Net1 Company

Serge Belamant was born in Tulle, France in the year 1953. In 1967 when he was at the age of 14, he relocated to South Africa together with his family. He was enrolled in Highlands North High School for his education.He became a good player in Chess, Rugby, and Athletics. He later gained entry into Witwatersrand University where he pursued engineering before dropping the course to study computer science and applied mathematics.He secured his first job at an engineering company called Matrix. He was tasked to operate on small IBM computers. He was also required to develop computer applications meant to analyze and maximize dam levels as well as predict future droughts.

Serge Belamant moved to the Centre for Scientific and Industrial Research as the chair of the computer department.He also worked alongside control data engineers to conduct benchmarks against leading and established computer manufacturers. Some of the target companies included Univac, IBM, and FORTRAN.Serge Belamant underwent training in linear and non-linear programming to work for the military on COBRA System. He was later appointed as the chief analyst at ESKOM due to his immense Control Data Operating System skills. He also worked at JCI mining, Palindaba nuclear research, and the weather bureau.He is credited to have started the first scientific, financial system by incorporating Control Data equipment while working at DATABANK.He also founded the VIB network that was later purchased by Volkskas.

His analytic skills were sought by Bancorp when he was employed as the firm’s consultant in risk management and analysis.Serge Belamant had successfully developed and implemented the SASWITCH system by 1989. In October the same year, he left to start his own company referred to as Net1. He utilized Funds Transfer System, one of his original patents. The company grew and signed many business deals in many countries including Iraq, Ghana, Namibia, Burundi, Botswana, and Russia.Serge Belamant later moved into the United States to finalize his project. Between the years of 2003 and 2005, he worked on NASDAQ before finally achieving it at the end of 2005. He has also served as the chairman and chief executive officer of the company.