Financial services and technology group Net1 will change its name to Lesaka later in May after shareholders voted in favour of the word, which means “kraal” in Setswana and Sesotho, as part of shedding its tainted image from the Sassa debacle.

Livestock, often seen as a symbol of security, community and wealth, are sometimes kept in a kraal in the centre of the community and considered the economic heart of a village...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.