https://newsletter.en.creamermedia.com
Business|Financial|Technology
Business|Financial|Technology
business|financial|technology

Lesaka Technologies finalises R507m acquisition of Recharger

6th March 2025

By: Schalk Burger

Creamer Media Senior Deputy Editor

     

Font size: - +

JSE- and Nasdaq-listed financial technology company Lesaka Technologies has completed the acquisition of South African prepaid electricity submetering and payment business Recharger for R507-million, comprising R332-million in cash and R175-million in Lesaka shares.

Further, Lesaka extended a R43-million loan to Recharger at closing, which was exclusively used to repay an existing loan owing by Recharger to the seller.

“This acquisition demonstrates positive advancement of Lesaka's strategy in its Enterprise division. The company expects the acquisition to act as an entry point for it into the South African private utilities space while augmenting the Enterprise division's alternative payment offering,” says Lesaka.

To watch Creamer Media's latest video reports, click here
 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

Astore Keymak
Astore Keymak

Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.

VISIT SHOWROOM 
Carlisle TyrFil
Carlisle TyrFil

Flatproofing tire technology engineered to perform in extreme mining environments.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 05 December 2025
Magazine round up | 05 December 2025
5th December 2025
A Square Forklift celebrates new partnership and facility
A Square Forklift celebrates new partnership and facility
3rd December 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.143 0.234s - 194pq - 2rq
Subscribe Now