Lesaka Technologies Inc 2020 Annual Report with Sustainability Disclosures
Company: Lesaka Technologies Inc
Sector: Technology & telecommunications
Country: South Africa
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 162
The report describes fiscal 2020 as a year of renewal, including the divestiture of KSNET and DNI and a renewed focus on financial inclusion in South Africa. Revenue declined 9% to $151 million amid the expiration of the SASSA contract and the COVID-19 pandemic. The company contributed ZAR 9.6 million to corporate social investment initiatives spanning education, skills development, socioeconomic development, and enterprise development. The CSR report states that independent third-party assurance was not obtained.
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