A leading supermarket chain in South Africa that has expanded its online retail presence.
South Africa’s Lesaka hits first profit since 2022 despite merchant slowdown
Lesaka Technologies reported a net profit of R61 million in Q2 2026, a significant improvement from a loss of R589 million a year earlier. Revenue from Lesaka's merchant unit fell by 13% year-on-year to R2.26 billion, despite an 8% growth in the merchant base.
Fintech Partnership Bridges South Africa’s Cash to Digital Gap
Since 2011, bank account ownership in sub-Saharan Africa has more than doubled. 49 percent of adults in sub-Saharan Africa now own a bank account.
World Wide Worx, Mastercard Report Predicts R130 Million Surge in SA’s E-Commerce Sector
Online retail in South Africa is expected to exceed R130 billion by the end of 2025. The sector grew by 35% in 2024, reaching R96 billion, representing 8% of total retail sales.
Standard Bank Saves Customers over R670 Million in 3 years
Standard Bank's initiatives have delivered savings exceeding R670 million to clients using the Saswitch ATM network. Standard Bank abolished the Saswitch network fee, saving customers R245 million in 2023.
