JSE-listed fintech group Lesaka Technologies has disbursed loans totaling more than R1 billion to its customers, most of whom are South African Social Security Agency SASSA grant beneficiaries, according to Lincoln Mali, CEO of Lesaka Southern Africa. The announcement followed the release of the company's financial results for the second quarter of 2026.
Lesaka plays an indirect role in South Africa's social grant system through its EasyPay platform, which provides banking and financial services to grant recipients. While the company no longer distributes grants on behalf of the government, it enables beneficiaries to receive, manage, and spend their grant income via transactional accounts, cards, and digital payment services. The company also offers credit and other financial products to this customer base, positioning itself as an alternative to traditional banks and Postbank.
At a group level, Lesaka reported strong growth, with net revenue rising 16 to R1.6 billion, adjusted EBITDA increasing 47 to R304 million, and adjusted earnings climbing to R111 million from R17 million in the previous period.
