| Over a month ago | ||||
Lesaka Group CEO Chris… Lesaka Group CEO Chris Meyer said: "We are proud of our performance in the second quarter of our financial year. We have made significant progress in our transformation strategy, a process that commenced in earnest at the beginning of fiscal 2022. The Merchant Division has delivered excellent growth across all products, particularly in our card acquiring and credit businesses, in particular Kazang Pay and Kazang Advance. This result was achieved despite a challenging operating environment with increased loadshedding impacting our MSME customer's ability to operate. The integration of the Connect Group has expanded our Merchant business significantly and continues to create new opportunities for the growth of our ecosystem in Southern Africa. We are also delighted with the performance of our Consumer Division where we have achieved our goal of returning the business to profitability at a Segment Adjusted EBITDA level, providing tangible evidence of the turnaround in this segment of our business. We are seeing excellent momentum across our group, driven by clear secular trends underpinning the themes of financial inclusion, cash management and digitization, which is core to our value proposition to merchants and consumers in Southern Africa." | ||||
Lesaka Technologies… Lesaka Technologies announced that Alex M.R. Smith is leaving the company to pursue other opportunities. Smith's last day of employment will be March 01. During this notice period, Smith will assist the company in consolidating the roles and responsibilities of Chief Accounting Officer into the ambit of Lesaka's highly experienced Finance team. | ||||
Lesaka Technologies… Lesaka Technologies announced that it has entered a new employment arrangement with Mr. Steven Heilbron, for the period from January 1, 2023 to June 30, 2025. Heilbron has been the Chief Executive Officer of the Connect Group since 2013 and joined Lesaka following the acquisition of Connect in the same capacity. Mr. Heilbron has two decades of financial services experience, having spent 19 years working for Investec in South Africa and the UK, where he served as Global Head of Private Banking and Joint Chief Executive Officer of Investec Bank plc. He led a private consortium that acquired Cash Connect Management Solutions Ltd in 2013 and presided over the significant organic growth in the rebranded Connect Group, as well as spearheading the successful acquisition and integration of Kazang into the Connect Group. | ||||
| Over a quarter ago | ||||
Check out this evening's…
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One estimate $559.9M. … One estimate $559.9M. Sees FY23 adjusted EBITDA of $31M-$34M vs. ($18.6M) last year. | ||||
