JSE-listed Araxi to acquire Pay@ in R1bn deal

JSE-listed Araxi to acquire Pay@ in R1bn deal

Araxi CEO Bradley Sacks. JSE-listed payment solutions provider Araxi will acquire B2B payment solutions company Pay@ in a R1 billion deal, to be settled in cash. The consideration comprises R200 million from the Araxi Group’s existing cash reserves and R800 million in senior debt already committed. Forty percent of the shares of Pay@ are currently owned…

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Iran says “clearer path ahead” to nuclear deal with U.S. after talks in Geneva under shadow of Trump’s threats

Iran says “clearer path ahead” to nuclear deal with U.S. after talks in Geneva under shadow of Trump’s threats

U.S. and Iranian negotiators sat down for high-stakes talks Tuesday in Geneva, with President Trump’s threat to launch a new attack on the Islamic Republic if a deal on its nuclear program can’t be hashed out looming large over the discussions. Iran’s initial reaction to the meetings was positive, but there was no immediate readout…

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Big changes at Lesaka as Bank Zero deal nears completion

Big changes at Lesaka as Bank Zero deal nears completion

Lincoln Mali JSE- and Nasdaq-listed fintech Lesaka Technologies is involved in a corporate shake-up, including an internal rationalisation of its operating portfolio and an outward facelift of its brand identity. Lincoln Mali, MD for Southern Africa at Lesaka Technologies, said the incorporation of recently acquired Bank Zero into the Lesaka stable – which still requires…

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