Lesaka revenue set to double on newly acquired business Connect Group
The group expects to report $565m-$600m in revenue, while ebitda is projected to be $31m-$34m
20 September 2022 - 20:04
Financial services and technology group Lesaka, formerly known as Net1, expects to more than double revenue for this financial year, driven largely by a newly acquired business, as it continues efforts to revamp its scandal-ridden image.
The group, valued at R3.6bn, has a primary listing on the Nasdaq and a secondary one on the JSE. It distributes low-cost financial and value-added services to small businesses and consumers through its banking and payment technology...
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