Lesaka to acquire prepaid electricity submetering and payments business Recharger, expanding alternative payments offering JOHANNESBURG, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) today announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger (Pty) Ltd (“Recharger”), a South African prepaid electricity submetering and payments business. The purchase consideration of ZAR 507 million ($28 million translated at the average exchange rate of $1: ZAR 18.06...
Lesaka gets green light to launch Employee Share Ownership Plan JOHANNESBURG, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka” or the “Company”) shareholders voted on and approved the funding and issuance of shares to the Lesaka ESOP Trust at its annual general meeting. Lincoln Mali, CEO Southern Africa, said “We are very proud of the launch of our broad-based employee share ownership plan. Lesaka has been on a far-reaching transformation journey and our employees becoming shareholders is a significant and an important milestone for us.” The...
Lesaka Q1 2025 Results: Lesaka Continues Building Operational Momentum Achieving Revenue and Profitability Guidance JOHANNESBURG, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the first quarter of fiscal 2025 (“Q1 2025”). Q1 2025 performance: Revenue of $145.5 million (ZAR 2.6 billion) was at the mid-point of our revenue guidance and compares to $136.1 million (ZAR 2.5 billion) in Q1 2024.Operating loss of $0.05 million (ZAR 0.3 million) compares to operating income of $0.2 million (ZAR 4.2 million) in Q1 2024. The curren...
Moody's Ratings (Moody's) has completed a periodic review of the ratings of Nuveen Floating Rate Income Fund and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 30 October 2024 in which we reassessed the appropriateness of the ratings ...
Lesaka to Host Webcast and Conference Call to Review First Quarter 2025 Results JOHANNESBURG, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release first quarter 2025 results after the U.S. market close on November 6, 2024. Lesaka management will host a presentation webcast and conference call on November 7, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 3:00 p.m. South Africa Standard Time (“SAST”), to review these results. Presentation webcast via Zoom:Link to access the results webcast: P...
A director at Nuveen Floating Rate Income Fund sold 20,000 shares at 8.770USD and the significance rating of the trade was 61/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
Lesaka completes the acquisition of Adumo, cementing its position as the leading independent fintech in Southern Africa JOHANNESBURG, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (Nasdaq: LSAK; JSE: LSK) today announced it has completed its acquisition of Adumo RF (Pty) Ltd (“Adumo”). The transaction was settled through the issuance of 17,279,803 shares of Lesaka’s common stock and a cash payment ZAR 232.2 million ($13.4 million), implying a total purchase consideration of ZAR 1.67 billion ($96.2 million) using Lesaka’s October 1, 2024, closing p...
Lesaka achieves its profitability guidance for FY 2024 and provides significantly higher profitability guidance for FY 2025 JOHANNESBURG, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the fourth quarter (“Q4 2024”) and year ended June 30, 2024 (“FY 2024”). FY 2024 performance: Revenue increased 11% in South African Rand (“ZAR”)1 to $564.2 million (ZAR 10.6 billion).Operating income increased to $3.6 million (ZAR 67.3 million), compared to an operating loss of $15.3 million (ZAR 275.3 million) in FY 2023.Net loss impr...
Lesaka Technologies Announces Leadership Changes as it Strengthens Executive Management Team JOHANNESBURG, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced changes to augment its executive leadership team to align with the Company’s ambitious growth targets. These changes represent a significant step forward as Lesaka positions itself as a natural consolidator and leading fintech in Southern Africa. Executive Changes: Naeem Kola, currently Group Chief Financial Officer, will be appointed as Group Chief Ope...
Lesaka to Host Webcast and Conference Call to Review Q4 and FY 2024 Results on September 12, 2024 JOHANNESBURG, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced that it now intends to release its fourth quarter and year end June 2024 results on September 11, 2024, after markets close, in line with its Q4 and FY 2023 reporting timeframes. Lesaka management will host a presentation webcast and conference call on September 12, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa...
Lesaka to Host Webcast and Conference Call to Review Fourth Quarter and Year-End 2024 Results JOHANNESBURG, July 18, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release fourth quarter and year-end 2024 results after the U.S. market close on September 4, 2024. Lesaka management will host a presentation webcast and conference call on September 5, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”), to review these results. Presentation webcast via Zoom:Link to ac...
Lesaka Q3 2024 Results: Lesaka continues to deliver improved profitability JOHANNESBURG, South Africa, May 08, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the third quarter ended March 31, 2024 (“Q3 2024”). Performance Highlights for Q3 2024: Revenue of $138.2 million (ZAR 2.6 billion)1 in Q3 2024, compared to $134.0 million (ZAR 2.4 billion)1 for the third quarter ended March 31, 2023 (“Q3 2023”), an increase of 9% in South African Rand (“ZAR”).Operating income of $0.8 million (ZAR 15.0 million) for the quarter, compared to an ...
Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC JOHANNESBURG, South Africa, May 07, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) (“Lesaka”) has signed a definitive agreement to acquire Adumo RF (Pty) Ltd (“Adumo”) for ZAR 1.59 billion ($85.9 million translated at the prevailing rate $1: ZAR 18.50 as of May 7, 2024). The transaction is subject to shareholder and regulatory approvals. The purchase consideration1 will be settled through the combination of an issuance of 17,279,803 shares of Lesaka common stock to Adumo’...
Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 Results JOHANNESBURG, South Africa, March 27, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced it will release third quarter 2024 results after the U.S. market close on May 8, 2024. Lesaka management will host a presentation webcast and conference call on May 9, 2024, at 8:00 a.m. Eastern Time (“EST”), which is 2:00 p.m. South Africa Standard Time (“SAST”), to review these results. Presentation webcast via Zoom: Link to access the results webcas...
Lesaka to Participate at Citi's 2024 Emerging Markets FinTech Forum JOHANNESBURG, South Africa, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS:LSAK; JSE: LSK) today announced that Naeem Kola, Group CFO, will participate in Citi's Emerging Markets FinTech Forum taking place virtually on March 7 and 8, 2024. About Lesaka () Lesaka Technologies, (Lesaka™) is a South African Fintech company that utilizes its proprietary banking and payment technologies to deliver superior financial services solutions to merchants (B2B) and consumers (B2C) i...
Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance JOHANNESBURG, South Africa, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today released results for the second quarter ended December 31, 2023 (“Q2 2024”). Performance Highlights for Q2 2024: Revenue of $143.9 million (ZAR 2.7 billion)1 in Q2 2024, compared to $136.1 million (ZAR 2.4 billion)1 for the second quarter ended December 31, 2022 (“Q2 2023”). In South African Rand (“ZAR”), revenue grew 13%.Operating income of $2.3 million (ZAR 42.5 million) for the quarter, compares to...
A director at Source Capital Inc sold/bought 2,023 shares at 40.270USD and the significance rating of the trade was 68/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
Lesaka to Expand its Merchant Division’s Footprint in South Africa’s Informal Market with the Acquisition of Touchsides (Pty) Ltd from Heineken International B.V. JOHANNESBURG, South Africa, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that it has signed a definitive agreement to acquire 100% of Touchsides (Pty) Ltd (“Touchsides”), a leading data analytics and, insights and merchant services company, from Heineken International B.V. The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to sign...
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