The Man Of Modern IT

Published / by TheRugbyUnion

Serge Belamant, once referred to as the Henry Ford of IT, was born in 1953. He spent most of his childhood growing up in Tulle, Frace before his family emigrated to South Africa when he was 14 years old. It was there that his life really took a fast track to where he is today.

After Belamant and his family emigrated to South Africa, he had to master the English language if he wanted to advance in his studies. It wasn’t long before he was able to do this. He was an exemplary student even though he never finished university. Always top of the class.

At the age of 22, he decided to join the workforce. Serge Belamant worked for various companies during his time in the RSA. At each of these companies, he developed new systems to rapidly and greatly assist with data management, collection, and data transfer. When SASWITCH hired him, things really took off. He became head of the IT division and began developing new technology for considerably increasing the number of transactions per minute the RSA banks could handle. Visit to know more about Serge Belamant

In 1989, Serge Belamant left SASWITCH to found his own company. Net1 Technologies was slow to start. Trying to get others to switch to a new system and technology can be a daunting process. In 1995 Visa took note of Serge Belamant and hired Net! Technologies to create what is still a central security feature in for Visa.

In 2012 the RSA contracted his company to develop payment systems for nearly 10 million social grants on a monthly basis. Companies who were unhappy with his success made false claims that caused many lawsuits and investigations. This caused Net1 Technologies stock to plummet, and later Serge to resign as CEO.

Serge Belamant has contributed a great deal to what are now common day things. From the security measures on our accounts to the way in which we transfer money. Without these essential financial systems of the modern world, we would not be able to economically function on a day to day basis. Learn more: