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

Comments

Showroom

Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Martin Creamer talks about safety, ruthenium and a new palladium centre plan.
On-The-Air (18/04/2025)
19th April 2025 By: Martin Creamer
Magazine round up | 18 April 2025
Magazine round up | 18 April 2025
18th April 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:0.13 0.234s - 176pq - 2rq
Subscribe Now