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Lesaka Technologies’s acquisition of Bank Zero unpacked.

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Guest: Kokkie Kooyman, banking analyst and director at Denker Capital

In a bold move set to reshape South Africa’s digital banking landscape, Lesaka Technologies has announced its R1.1-billion acquisition of Bank Zero the app-based mutual bank co-founded and chaired by former FNB CEO Michael Jordaan. In this interview, we speak to Kokkie Kooyman, banking analyst and director at Denker Capital, to unpack the strategic implications of this landmark deal.



We explore how the acquisition positions Lesaka to build a vertically integrated fintech platform, what it signals about the future of digital-first banking in South Africa, and how Bank Zero’s zero-fee model and patented secure debit card technology could give Lesaka a competitive edge. We also unpack what this deal means for Lesaka’s debt structure, innovation potential, and long-term profitability and what it reveals about the competitive intensity in the local banking sector.
30 Jun 4PM English South Africa Business News · Investing

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