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Lesaka enters new employment arrangement with Steven Heilbron to June 2025
Lesaka Technologies, Inc.
Registered in the state of Florida, USA
(IRS Employer Identification No. 98-0171860)
Nasdaq share code: LSAK
JSE share code: LSKE
LEI: 529900J4IZMWV4RDEB07
ISIN: US64107N2062
(“Lesaka,” or the “Company”)
Lesaka enters new employment arrangement with Steven Heilbron to June 2025
JOHANNESBURG, January 5, 2023 – Lesaka (Nasdaq: LSAK; JSE: LSK) today announced that it
has entered a new employment arrangement with Mr. Steven Heilbron, for the period from January 1,
2023 to June 30, 2025.
Mr. Heilbron has been the Chief Executive Officer of the Connect Group since 2013 and joined Lesaka
following the acquisition of Connect in the same capacity. Mr. Heilbron has two decades of financial
services experience, having spent 19 years working for Investec in South Africa and the UK, where he
served as Global Head of Private Banking and Joint Chief Executive Officer of Investec Bank plc. He
led a private consortium that acquired Cash Connect Management Solutions (Pty) Ltd in 2013 and
presided over the significant organic growth in the rebranded Connect Group, as well as spearheading
the successful acquisition and integration of Kazang into the Connect Group.
“I am delighted that Steven will remain with us until at least June 30, 2025,” said Mr. Chris Meyer,
Lesaka Group CEO. “Steven has been pivotal in growing Connect into a profitable, high-growth and
leading South African fintech company, and integrating Connect into the Lesaka Group. Steven offers
deep experience and knowledge in building businesses to scale in expanding markets, which supports
Lesaka’s vision to bring financial inclusion to Consumers & Merchants in southern Africa. Steven's
role will transition towards a focus on Group Strategy, M&A and Special Projects,” he concluded.
About Lesaka (www.lesakatech.com)
Lesaka Technologies, (Lesaka™) is a South African Fintech company that utilizes its proprietary
banking and payment technologies to deliver superior financial services solutions to merchants (B2B)
and consumers (B2C) in Southern Africa. Lesaka’s mission is to drive true financial inclusion for both
merchant and consumer markets through offering affordable financial services to previously
underserved sectors of the economy. Lesaka offers cash management solutions, growth capital, card
acquiring, bill payment technologies and value-added services to formal and informal retail merchants
as well as banking, lending, and insurance solutions to consumers across Southern Africa. The Lesaka
journey originally began as “Net1” in 1997 and later rebranded to Lesaka (2022), with the acquisition
of Connect. As Lesaka, the business continues to grow its systems and capabilities to deliver
meaningful fintech-enabled, innovative solutions for South Africa’s merchant and consumer markets.
Lesaka has a primary listing on NASDAQ (NasdaqGS: LSAK) and a secondary listing on the
Johannesburg Stock Exchange (JSE: LSK). Visit www.lesakatech.com for additional information
about Lesaka Technologies (Lesaka ™).
Investor Relations Contact:
Phillipe Welthagen
Email : phillipe.welthagen@lesakatech.com
Mobile: +27 84 512 5393
ICR
Email: LesakaIR@icrinc.com
Media Relations Contact:
Janine Bester Gertzen
Email: Janine@thenielsennetwork.com
Johannesburg
January 5, 2023
Sponsor:
Rand Merchant Bank, a division of FirstRand Bank Limited
Date: 05-01-2023 07:05:00
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