JOHANNESBURG

Lesaka Q3 2024 Results: Lesaka continues to deliver improved profitability

Retrieved on: 
Wednesday, May 8, 2024
USD, Sale, Consumer, EPE, International, Investment, Depreciation, Insurance, Sarbanes–Oxley Act, Webcast, Tax, International Financial Reporting Standards, Acquisition, EPS, Eastern Time Zone, Foreign, ATM, Adjustment, GAAP, Merchant, Bookkeeping

Merchant Division revenue was $121.0 million in Q3 2024, up 8% compared to Q3 2023 in ZAR.

Key Points: 
  • Merchant Division revenue was $121.0 million in Q3 2024, up 8% compared to Q3 2023 in ZAR.
  • Our Segment Adjusted EBITDA margin (calculated as Segment Adjusted EBITDA divided by revenue) for Q3 2024 and Q3 2023 was 6.9% and 7.0%, respectively.
  • Consumer Division revenue was $17.9 million in Q3 2024, 19% higher in ZAR compared to Q3 2023.
  • Our Segment Adjusted EBITDA margin for Q3 2024 and 2023 was 24.3% and 10.4%, respectively.

Lesaka to acquire leading payment platform Adumo welcoming new shareholders Apis and ARC

Retrieved on: 
Tuesday, May 7, 2024
Corporation, Lesaka Technologies, POS, LSK, ARC, Sale, Partnership, Apis, Growth, Software, ZAR, Entrepreneurship, Acquisition, Calendar, GAAP, Connect, International Finance Corporation, Cryptocurrency

Adumo’s ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF) Pty Ltd (“Crossfin”), as well as the International Finance Corporation and Adumo management.

Key Points: 
  • Adumo’s ultimate shareholders include Apis Growth Fund I, a private equity fund managed by Apis Partners LLP (“Apis”), African Rainbow Capital (“ARC”), the largest shareholder of Crossfin Holdings (RF) Pty Ltd (“Crossfin”), as well as the International Finance Corporation and Adumo management.
  • The Group will have over 3,300 employees operating on the ground in 5 countries: South Africa, Namibia, Botswana, Zambia, and Kenya.
  • Adumo ISV, also known as GAAP, is the largest POS and Software-as-a-Service solutions provider to the hospitality sector in Southern Africa.
  • We are excited to welcome respected shareholders Apis and ARC.

Lesaka to Host Webcast and Conference Call to Review Third Quarter 2024 Results

Retrieved on: 
Wednesday, March 27, 2024
LSK, Lesaka Technologies

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.

Key Points: 
  • 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.
  • Link to access the results webcast: https://bit.ly/3TSfxUD
    Participants using the conference call dial-in will be unable to ask questions.
  • A replay of the results presentation webcast will be available on the Lesaka investor relations website following the conclusion of the live event.

Lesaka to Participate at Citi's 2024 Emerging Markets FinTech Forum

Retrieved on: 
Wednesday, February 28, 2024
Lesaka Technologies, LSK

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.

Key Points: 
  • 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.

NEW SCIENTOLOGY STAR RISES IN TEXAS'S ALL-STAR CAPITAL OF AUSTIN

Retrieved on: 
Sunday, February 25, 2024
Well, Freedom, Dianetics, Drag, University, Human, DIRECTV, Scientology Network, Religion, Chapel, Church, Literacy, Longhorn, Child, Taste, Left–right political spectrum, Love, Multimedia, Sunday Services, Life, City, Happiness, Attitude, Visitor, Moses Austin, Flower, Church of Scientology, Church's, Pacific Rim, Organization, Movement, Nightclub

AUSTIN, Texas, Feb. 25, 2024 /PRNewswire/ -- At the crossroads of all things Austin, crowds of Scientologists and guests gathered on a clear Saturday afternoon February 24 and gave an ecstatic Texas welcome to the new Ideal Church of Scientology Austin. The ribbon-cutting, the first in a wave of Grand Openings at the start of 2024, embodied the spirit of unabated growth that has become the hallmark of Scientology today.

Key Points: 
  • AUSTIN, Texas, Feb. 25, 2024 /PRNewswire/ -- At the crossroads of all things Austin, crowds of Scientologists and guests gathered on a clear Saturday afternoon February 24 and gave an ecstatic Texas welcome to the new Ideal Church of Scientology Austin.
  • "For those of you who aren't from Austin, this town is a university town.
  • We work to keep our neighborhood at the front of the pack when it comes to, well, everything," Mr. McHone said.
  • The new Austin Ideal Org provides the city with an introduction to Dianetics and Scientology, beginning with the Public Information Center.

Lesaka delivers improved profitability as it exceeds FY24 Q2 guidance

Retrieved on: 
Tuesday, February 6, 2024
EPS, ATM, Net, GAAP, International, Foreign, Consumer, Tax, Adjustment, Investment, Loss, Depreciation, EPE, International Financial Reporting Standards, Acquisition, Sale, Sarbanes–Oxley Act, Merchant, Webcast, Insurance, Eastern Time Zone, Bookkeeping

Merchant Division revenue was $127.9 million in Q2 2024, up 13% compared to Q2 2023 in ZAR.

Key Points: 
  • Merchant Division revenue was $127.9 million in Q2 2024, up 13% compared to Q2 2023 in ZAR.
  • Connect records a significant proportion of its airtime sales in revenue and cost of sales, while only earning a relatively small margin.
  • Our Segment Adjusted EBITDA margin (calculated as Segment Adjusted EBITDA divided by revenue) for Q2 2024 and Q2 2023 was 6.8% and 7.6%, respectively.
  • Consumer Division revenue was $16.7 million in Q2 2024, 16% higher in ZAR compared to Q2 2023.

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.

Retrieved on: 
Monday, February 5, 2024
Lesaka Technologies, Growth, Platform as a service, POS, Connect, Acquisition, Sale, Merchant, Software as a service, LSK, Heilbron, Heineken N.V., Retail

The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to significantly expand Kazang’s footprint in the tavern industry in South Africa’s informal market.

Key Points: 
  • The Touchsides and Kazang businesses are highly complementary, and the acquisition is expected to significantly expand Kazang’s footprint in the tavern industry in South Africa’s informal market.
  • Touchsides has an active base of over 10,000 POS terminals across South Africa’s informal licensed taverns, and processes more than 1.5 million transactions per day.
  • The licensed tavern market in South Africa consists of an estimated 45,000 establishments, is a major vertical in South Africa’s informal market and provides a real growth opportunity for Kazang.
  • As part of the acquisition, Heineken’s operating business in South Africa has agreed to a long-term renewable contract with Touchsides for access to Touchsides’ tavern data and services.

DRDGOLD Limited Announces Participation in 121 Mining Investment Conference in Cape Town

Retrieved on: 
Monday, January 15, 2024
DRDGOLD Limited, DRD, Conference, Mining

Johannesburg, South Africa--(Newsfile Corp. - January 15, 2024) - DRDGOLD Limited (JSE: DRD) (A2X: DRD) (NYSE: DRD) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in Cape Town.

Key Points: 
  • Johannesburg, South Africa--(Newsfile Corp. - January 15, 2024) - DRDGOLD Limited (JSE: DRD) (A2X: DRD) (NYSE: DRD) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in Cape Town.
  • 121 Mining Investment Cape Town will be hosting over 125 mining companies and more than 550 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings.
  • Alongside the curated schedule of pre-booked meetings matching investors with appropriate projects, the conference programme will provide expert commentary and the latest market intelligence on key industry developments.
  • Any investors who would like to attend 121 Mining Investment Cape Town can register for a free pass here: https://hubs.la/Q02f4pD60

Lesaka to Host Webcast and Conference Call to Review Second Quarter 2024 Results

Retrieved on: 
Monday, January 8, 2024
LSK, Lesaka Technologies

JOHANNESBURG, South Africa, Jan. 08, 2024 (GLOBE NEWSWIRE) --  Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release second quarter 2024 results after the U.S. market close on February 6, 2024.

Key Points: 
  • JOHANNESBURG, South Africa, Jan. 08, 2024 (GLOBE NEWSWIRE) --  Lesaka Technologies, Inc. (“Lesaka” or the “Company”) (NasdaqGS: LSAK; JSE: LSK) today announced it will release second quarter 2024 results after the U.S. market close on February 6, 2024.
  • Lesaka management will host a presentation webcast and conference call on February 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.
  • Link to access the results webcast: https://bit.ly/3NNYu2I
    Participants using the conference call dial-in will be unable to ask questions.
  • A replay of the results presentation webcast will be available on the Lesaka investor relations website following the conclusion of the live event.

Lesaka appoints fintech entrepreneur Ali Mazanderani as Chairman, Kuben Pillay as Lead Independent Director, and Chris Meyer to conclude tenure as Group CEO in February 2024

Retrieved on: 
Monday, December 4, 2023
LSK, Family, Culture, Fintech, Acquisition, Executive, Lesaka Technologies, Smiths News, Consumer, Chris, Network International, Growth, Risk management, Management

JOHANNESBURG, South Africa, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024.

Key Points: 
  • JOHANNESBURG, South Africa, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Lesaka Technologies, Inc. (Nasdaq: LSAK; JSE: LSK) today announced that Chris Meyer will conclude his tenure as Lesaka Group CEO on February 29, 2024.
  • During his nearly three years as Group CEO, Chris has led the successful turnaround and building of the Lesaka fintech platform.
  • Ali brings deep experience to the Lesaka executive team and is a well-known and respected global fintech leader and entrepreneur.
  • Ali played an integral role in setting Lesaka on this journey to become the leading fintech driving financial inclusion.