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Lesaka Technologies cleared to acquire Bank Zero for R1.1 billion

eriinfo.com7 months ago03 mins

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 to acquire Bank Zero in R1.1 billion deal

eriinfo.com1 year ago06 mins

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…