Lesaka Technologies says it is extending the long-stop deadline for its acquisition of Bank Zero. The company pushes the deadline to 31 January 2027, citing the need to complete regulatory requirements. The extension follows earlier timing for the deal and comes as Lesaka continues to work through the approvals and conditions required to finalise the transaction.
The acquisition is described as a roughly R1.1-billion deal. Both outlets link the deadline change to regulatory fulfilment rather than to a change in the planned transaction. Lesaka also points to broader business developments, including improvements in earnings and a stated intention to expand its financial services platform, aligning with the strategic rationale for completing the Bank Zero acquisition.
With the revised deadline, the transaction remains pending and subject to the remaining regulatory and other closing conditions. Neither source indicates that the acquisition has been cancelled; instead, they present the update as a time extension to allow regulatory processes to conclude.
