In this episode of ITWeb TV, Lincoln Mali, CEO of Lesaka Southern Africa, talks about how the company grew from a struggling operation to a fintech powerhouse, and how its acquisition of Bank Zero will unlock new digital banking opportunities for customers. Lesaka Technologies’ acquisition of Bank Zero is expected to significantly strengthen the fintech…
The Competition Commission has approved the acquisition of digital financial services bank Bank Zero by Lesaka Technologies for a total transaction value of R1.1 billion. Read: Discovery Bank partners with Luno in SA for crypto trading The commission announced on Tuesday, November 18, 2025, that it has recommended the deal be allowed to proceed without…
Lesaka Technologies’ new chief strategy officer Akash Dowra Lesaka Technologies has announced key executive appointments within its merchant division and at a group level. Kagiso Khaole has been appointed CEO of the merchant division. Khaole brings over a decade of experience driving growth and innovation at leading global technology companies in Africa. Most recently, he…
Bank Zero, the innovative digital mutual bank, is set to be acquired by Lesaka Technologies for R1.1 billion, according to an announcement by Bank Zero chairman and co-founder Michael Jordaan. The acquisition is pending necessary regulatory approvals. Read: Honor unveils the world’s thinnest foldable, the Magic V5 Bank Zero, co-founded seven years ago by Michael…
Bank Zero will join forces with fintech group Lesaka Technologies. Fintech group Lesaka Technologies will acquire 100% of the issued ordinary shares of Bank Zero, subject to regulatory approvals. Formerly known as Net1 UEPS Technologies, Lesaka is listed on the Johannesburg Stock Exchange and the Nasdaq. Based on a zero-fee banking model, Bank Zero launched…
Lesaka Technologies has agreed to buy the digital bank chaired by former FNB CEO Michael Jordaan for R1.1-billion. Jordaan announced the acquisition in a post on social media late on Thursday evening. “So Lesaka Technologies Inc bought @BankZeroSA for R1.1-billion. Lot of regulatory approvals still needed, but both teams are excited about the merger synergies,”…
