R1bn - eriinfo

JSE-listed Araxi to acquire Pay@ in R1bn deal

eriinfo.com1 month ago03 mins

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…

Lesaka disburses R1bn in loans to social grant recipients

eriinfo.com2 months ago08 mins

Lincoln Mali, CEO of Lesaka Southern Africa. JSE-listed fintech group Lesaka Technologies disbursed loans amounting to over R1 billion to its customers, the majority of whom are South African Social Security Agency (SASSA) grant beneficiaries. This is according to Lincoln Mali, CEO of Lesaka Southern Africa, speaking today in an interview with ITWeb after the…