<a href="https://laohu8.com/S/LSAK">Lesaka Technologies</a> Secures ZAR 400 Million Revolving Credit Facility with FirstRand Bank to Boost South African Operations
Lesaka Technologies Inc., through its South African subsidiaries Cash Connect Capital Proprietary Limited (CCC) and K2020 Connect Proprietary Limited, has entered into a new Revolving Credit Facility Agreement with FirstRand Bank Limited's Rand Merchant Bank division. The agreement, finalized on September 8, 2025, allows CCC and K2020 to borrow up to ZAR 400 million. This facility is intended to support the capital advance businesses of CCC and K2020, settle an intercompany loan, and cover structuring and legal costs. The facility replaces an existing lending arrangement, providing increased borrowing capacity to facilitate business growth. Interest is set at the South African prime rate minus a margin, with the initial period offering a more favorable rate. The agreement includes customary covenants and a non-refundable fee of ZAR 500,000.
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