's questions to Lesaka Technologies Inc (LSAK) leadership • Q2 2025
Question
An analyst asked about the potential impact of upcoming regulatory changes in South Africa on Lesaka's business.
Answer
Executive Chairman Ali Zaynalabidin Mazanderani expressed optimism about significant regulatory evolution, following paths set by markets like Brazil and India to empower non-bank fintechs. He highlighted the recent launch of the ASAPP industry body, where Lesaka is a founding member. Mazanderani noted that the South African Reserve Bank (SARB) has committed to putting forward an exemption to the Banks Act in the coming months. This change would allow non-banks to be regulated by activity, removing bank gatekeeping and substantially improving Lesaka's ability to disrupt, accelerate revenue, and reduce costs.