Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Sep. 30, 2023 | Nov. 01, 2023 | |
Document And Entity Information [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2023 | |
Document Transition Report | false | |
Entity File Number | 000-31203 | |
Entity Registrant Name | LESAKA TECHNOLOGIES, INC. | |
Entity Incorporation State Country Code | FL | |
Entity Tax Identification Number | 98-0171860 | |
Entity Address Line One | President Place, 4thFloor | |
Entity Address Line Two | Cnr. Jan Smuts Avenue and Bolton Road | |
Entity Address, City or Town | Rosebank, Johannesburg | |
Entity Address, Postal Zip Code | 2196 | |
Entity Address Country | ZA | |
Country Region | 27 | |
City Area Code | 11 | |
Local Phone Number | 343-2000 | |
Title of 12(b) Security | Common stock, par value $0.001 per share | |
Trading Symbol | LSAK | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 62,384,522 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q1 | |
Current Fiscal Year End Date | --06-30 | |
Entity Central Index Key | 0001041514 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | [1] |
CURRENT ASSETS | |||
Cash and cash equivalents | $ 35,141 | $ 35,499 | |
Restricted cash related to ATM funding and credit facilities (Note 8) | 19,865 | 23,133 | |
Accounts receivable, net and other receivables (Note 2) | 27,939 | 25,665 | |
Finance loans receivable, net (Note 2) | 35,735 | 36,744 | |
Inventory (Note 3) | 27,754 | 27,337 | |
Total current assets before settlement assets | 146,434 | 148,378 | |
Settlement assets | 26,352 | 15,258 | |
Total current assets | 172,786 | 163,636 | |
PROPERTY, PLANT AND EQUIPMENT, net of accumulated depreciation of - September: $35,331 June: $36,563 | 27,663 | 27,447 | |
OPERATING LEASE RIGHT-OF-USE (Note 16) | 5,655 | 4,731 | |
EQUITY-ACCOUNTED INVESTMENTS (Note 5) | 2,253 | 3,171 | |
GOODWILL (Note 6) | 133,139 | 133,743 | |
INTANGIBLE ASSETS, NET (Note 6) | 117,595 | 121,597 | |
DEFERRED INCOME TAXES | 9,859 | 10,315 | |
OTHER LONG-TERM ASSETS, including reinsurance assets (Note 5 and 7) | 77,822 | 77,594 | |
TOTAL ASSETS | 546,772 | 542,234 | |
CURRENT LIABILITIES | |||
Short-term credit facilities for ATM funding (Note 8) | 19,754 | 23,021 | |
Short-term credit facilities (Note 8) | 8,983 | 9,025 | |
Accounts payable | 13,595 | 12,380 | |
Other payables (Note 9) | 35,105 | 36,297 | |
Operating lease liability - current (Note 16) | 1,722 | 1,747 | |
Current portion of long-term borrowings (Note 8) | 3,630 | 3,663 | |
Income taxes payable | 1,292 | 1,005 | |
Total current liabilities before settlement obligations | 84,081 | 87,138 | |
Settlement obligations | 25,362 | 14,774 | |
Total current liabilities | 109,443 | 101,912 | |
DEFERRED INCOME TAXES | 45,713 | 46,840 | |
OPERATING LEASE LIABILITY - LONG TERM (Note 16) | 4,081 | 3,138 | |
LONG-TERM BORROWINGS (Note 8) | 130,587 | 129,455 | |
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 7) | 2,253 | 1,982 | |
TOTAL LIABILITIES | 292,077 | 283,327 | |
REDEEMABLE COMMON STOCK | 79,429 | 79,429 | |
EQUITY | |||
COMMON STOCK (Note 10) Authorized: 200,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury - September: 63,638,912 June; 63,640,246 | 83 | 83 | |
PREFERRED STOCK Authorized shares: 50,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury: September: - June: - | |||
ADDITIONAL PAID-IN-CAPITAL | 337,490 | 335,696 | |
TREASURY SHARES, AT COST: September: 25,244,286 June: 25,244,286 | (288,238) | (288,238) | |
ACCUMULATED OTHER COMPREHENSIVE LOSS (Note 11) | (196,081) | (195,726) | |
RETAINED EARNINGS | 322,012 | 327,663 | |
TOTAL LESAKA EQUITY | 175,266 | 179,478 | |
NON-CONTROLLING INTEREST | 0 | 0 | |
TOTAL EQUITY | 175,266 | 179,478 | |
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS' EQUITY | $ 546,772 | $ 542,234 | |
[1] (A) – Derived from audited financial statements |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 |
Condensed Consolidated Balance Sheets [Abstract] | ||
Accumulated depreciation | $ 35,331 | $ 36,563 |
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 63,638,912 | 63,640,246 |
Common stock, shares outstanding | 63,638,912 | 63,640,246 |
Preferred stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred stock, par value | $ 0.001 | $ 0.001 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Treasury shares, shares outstanding | 25,244,286 | 25,244,286 |
Condensed Consolidated Statemen
Condensed Consolidated Statements Of Operations - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
REVENUE (Note 15) | $ 136,089 | $ 124,786 |
EXPENSE | ||
Cost of goods sold, IT processing, servicing and support | 107,490 | 100,528 |
Selling, general and administration | 22,515 | 22,931 |
Depreciation and amortization | 5,856 | 5,998 |
OPERATING INCOME (LOSS) | 228 | (4,671) |
REVERSAL OF (ALLOWANCE) OF EMI DOUBTFUL DEBT (Note 2 and 5) | 250 | 0 |
NET GAIN ON DISPOSAL OF EQUITY-ACCOUNTED INVESTMENTS (Note 5) | 0 | (248) |
INTEREST INCOME | 449 | 411 |
INTEREST EXPENSE | 4,909 | 4,036 |
LOSS BEFORE INCOME TAX EXPENSE | (3,982) | (8,048) |
INCOME TAX EXPENSE (Note 18) | 264 | 31 |
NET LOSS BEFORE LOSS FROM EQUITY-ACCOUNTED INVESTMENTS | (4,246) | (8,079) |
LOSS FROM EQUITY-ACCOUNTED INVESTMENTS (Note 5) | 1,405 | 2,617 |
NET LOSS ATTRIBUTABLE TO LESAKA | $ (5,651) | $ (10,696) |
Net loss per share, in United States dollars (Note 13): | ||
Basic loss attributable to Lesaka shareholders | $ (0.09) | $ (0.17) |
Diluted loss attributable to Lesaka shareholders | $ (0.09) | $ (0.17) |
Condensed Consolidated Statem_2
Condensed Consolidated Statements Of Comprehensive (Loss) Income - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Net loss | $ (5,651) | $ (10,696) |
Other comprehensive (loss) income, net of taxes | ||
Movement in foreign currency translation reserve | (844) | (22,093) |
Movement in foreign currency translation reserve related to equity-accounted investments | 489 | 2,441 |
Release of foreign currency translation reserve related to disposal of Finbond equity securities | 0 | 2 |
Total other comprehensive loss, net of taxes | (355) | (19,650) |
Comprehensive loss | (6,006) | (30,346) |
Add comprehensive loss attributable to non-controlling interest | 0 | 0 |
Comprehensive loss attributable to Lesaka | $ (6,006) | $ (30,346) |
Condensed Consolidated Statem_3
Condensed Consolidated Statements Of Changes In Equity R in Thousands, $ in Thousands | USD ($) shares | Common And Treasury Stock [Member] USD ($) shares | Treasury Stock [Member] USD ($) shares | Treasury Stock [Member] ZAR (R) shares | Number Of Shares, Net Of Treasury [Member] shares | Additional Paid-In Capital [Member] USD ($) | Retained Earnings [Member] USD ($) | Accumulated Other Comprehensive Loss [Member] USD ($) | Parent [Member] USD ($) | Noncontrolling Interest [Member] USD ($) | ||
Balance, Number of Shares at Jun. 30, 2022 | shares | 87,215,613 | (24,891,292) | (24,891,292) | 62,324,321 | ||||||||
Balance at Jun. 30, 2022 | $ 234,920 | $ 83 | R (286,951) | $ 327,891 | $ 362,737 | $ (168,840) | $ 234,920 | $ 0 | ||||
Treasury shares repurchased | (185) | R (185) | 0 | (185) | ||||||||
Treasury shares repurchased (in shares) | shares | (35,460) | (35,460) | (35,460) | |||||||||
Redeemable Common Stock, Balance at Jun. 30, 2022 | 79,429 | |||||||||||
Restricted stock granted | 0 | 0 | ||||||||||
Restricted stock granted, shares | shares | 231,523 | 231,523 | ||||||||||
Exercise of stock options | $ 6 | $ 0 | 6 | 6 | ||||||||
Exercise of stock options, shares | shares | 2,000 | 2,000 | 2,000 | |||||||||
Stock-based compensation charge (Note 17) | $ 1,462 | 1,462 | 1,462 | |||||||||
Stock based-compensation charge related to equity-accounted investment (Note 5) | 6 | 6 | 6 | |||||||||
Net loss | (10,696) | (10,696) | (10,696) | 0 | ||||||||
Other comprehensive loss (Note 11) | $ (19,650) | (19,650) | (19,650) | 0 | ||||||||
Balance, Number of Shares at Sep. 30, 2022 | shares | 62,522,384 | 87,449,136 | (24,926,752) | (24,926,752) | 62,522,384 | |||||||
Balance at Sep. 30, 2022 | $ 205,863 | $ 83 | R (287,136) | 329,365 | 352,041 | (188,490) | 205,863 | 0 | ||||
Redeemable Common Stock, Balance at Sep. 30, 2022 | 79,429 | |||||||||||
Balance, Number of Shares at Jun. 30, 2023 | shares | 88,884,532 | (25,244,286) | (25,244,286) | 63,640,246 | ||||||||
Balance at Jun. 30, 2023 | 179,478 | [1] | $ 83 | $ (288,238) | 335,696 | 327,663 | (195,726) | 179,478 | 0 | |||
Redeemable Common Stock, Balance at Jun. 30, 2023 | [1] | 79,429 | ||||||||||
Exercise of stock options | $ 21 | $ 0 | 21 | 21 | ||||||||
Exercise of stock options, shares | shares | 6,793 | 6,793 | 6,793 | |||||||||
Stock-based compensation charge (Note 17) | $ 1,768 | 1,768 | 1,768 | |||||||||
Reversal of stock-based compensation charge (Note 17) | (9) | (9) | (9) | |||||||||
Reversal of stock-based compensation charge (Note 17), shares | shares | (8,127) | (8,127) | ||||||||||
Stock based-compensation charge related to equity-accounted investment (Note 5) | 14 | 14 | 14 | |||||||||
Net loss | (5,651) | (5,651) | (5,651) | 0 | ||||||||
Other comprehensive loss (Note 11) | $ (355) | (355) | (355) | 0 | ||||||||
Balance, Number of Shares at Sep. 30, 2023 | shares | 63,638,912 | 88,883,198 | (25,244,286) | (25,244,286) | 63,638,912 | |||||||
Balance at Sep. 30, 2023 | $ 175,266 | $ 83 | $ (288,238) | $ 337,490 | $ 322,012 | $ (196,081) | $ 175,266 | $ 0 | ||||
Redeemable Common Stock, Balance at Sep. 30, 2023 | $ 79,429 | |||||||||||
[1] (A) – Derived from audited financial statements |
Condensed Consolidated Statem_4
Condensed Consolidated Statements Of Cashflows - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Cash flows from operating activities | ||
Net loss | $ (5,651) | $ (10,696) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 5,856 | 5,998 |
Movement in allowance for doubtful accounts receivable and finance loans receivable | 1,525 | 1,049 |
Fair value adjustment related to financial liabilities | (34) | 63 |
Gain on disposal of equity-accounted investments | 0 | 248 |
Interest payable | 1,764 | 26 |
Facility fee amortized | 227 | 249 |
Loss from equity-accounted investments (Note 5) | 1,405 | 2,617 |
Movement in allowance for doubtful loans to equity-accounted investments | (250) | 0 |
Profit on disposal of property, plant and equipment | (36) | (208) |
Stock-based compensation charge (Note 12) | 1,759 | 1,462 |
Dividends received from equity-accounted investments | 0 | 21 |
Increase in accounts receivable and other receivables | (2,345) | (2,943) |
Increase in finance loans receivable | (488) | (3,581) |
Increase in inventory | (479) | (279) |
Increase (Decrease) in accounts payable and other payables | 375 | (438) |
Increase in taxes payable | 308 | 642 |
Increase in deferred taxes | (562) | (1,394) |
Net cash provided by (used in) operating activities | 3,374 | (7,660) |
Cash flows from investing activities | ||
Capital expenditures | (2,809) | (4,501) |
Proceeds from disposal of property, plant and equipment | 284 | 417 |
Acquisition of intangible assets | (135) | 0 |
Loan to equity-accounted investment | 0 | 112 |
Repayment of loans by equity-accounted investments | 0 | (112) |
Proceeds from disposal of equity-accounted investments (Note 5) | 0 | 253 |
Net change in settlement assets | (11,237) | (1,884) |
Net cash used in investing activities | (13,897) | (5,715) |
Cash flows from financing activities | ||
Proceeds from bank overdraft (Note 12) | 59,574 | 146,068 |
Repayment of bank overdraft (Note 12) | (62,793) | (136,922) |
Long-term borrowings utilized (Note 12) | 2,471 | 1,059 |
Repayment of long-term borrowings (Note 12) | (2,629) | (1,580) |
Acquisition of treasury stock | 0 | (185) |
Proceeds from exercise of stock options | 21 | 6 |
Net change in settlement obligations | 10,696 | 1,987 |
Net cash provided by financing activities | 7,340 | 10,433 |
Effect of exchange rate changes on cash | (443) | (8,487) |
Net decrease in cash, cash equivalents and restricted cash | (3,626) | (11,429) |
Cash, cash equivalents and restricted cash - beginning of period | 58,632 | 104,800 |
Cash, cash equivalents and restricted cash - end of period (Note 14) | $ 55,006 | $ 93,371 |
Basis Of Presentation And Summa
Basis Of Presentation And Summary Of Significant Accounting Policies | 3 Months Ended |
Sep. 30, 2023 | |
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] | |
Basis Of Presentation And Summary Of Significant Accounting Policies | 1. Unaudited Interim Financial Information The accompanying the Company exercises and the rules include all of ended disclosures are adequate to make the information presented not misleading. These accounting policies and financial notes thereto included in the 30, adjustments (consisting only of normal recurring adjustments), which are necessary for a fair interim periods presented. References to “Lesaka” are references consolidated subsidiaries, collectively, Recent accounting pronouncements adopted In June 2016, the Financial Accounting Standards Board issued guidance regarding Measurement of Credit Losses on Financial Instruments . expected credit estimates. expected loss losses relating to in the amortized cost basis of the securities. The guidance became effective for the Company beginning July 1, 2023. The adoption of this guidance did not have a material impact on the Company’s In November Hedging accounting certain types guidance changes some effective and Hedging Other Measurement Instruments 2023. The refer to Note 2. The Company’s updated accounting Allowance for doubtful accounts receivable Allowance for doubtful finance loans receivable The Company uses historical default experience over the lifetime of loans in order to calculate a lifetime loss rate for its lending books. The allowance for credit losses related with calculated lending adjusted its allowance based on management’s estimate of the recoverability microlending finance three months evident that reasonable recovery procedures, including where deemed necessary, 1. Allowance for doubtful accounts receivable (continued) Allowance for doubtful accounts receivable The Company uses a lifetime loss rate by expressing write-off experience as a percentage of corresponding opposed to outstanding balances). lifetime considered likely that all or support and maintenance recoverability payment history of the customer in relation to those specific amounts. Recent accounting pronouncements not yet adopted There are no recent accounting pronouncements that have not yet been adopted |
Accounts Receivable, Net And Ot
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 3 Months Ended |
Sep. 30, 2023 | |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] | |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 2. Accounts receivable, net and other receivables and Accounts receivable, net and other receivables The Company’s accounts receivable, net, and other receivables as of September 30, 2023, and June 30, 2023, are presented in the table below: September 30, June 30, 2023 2023 Accounts receivable, trade, net $ 10,231 $ 11,037 Accounts receivable, trade, gross 10,401 11,546 Allowance for doubtful accounts receivable, end of period 170 509 Beginning of period 509 509 Reallocation to allowance for doubtful finance loans receivable - (418) Reversed to statement of operations (235) (31) Charged to statement of operations 179 2,005 Utilized (284) (1,645) Foreign currency adjustment 1 89 Current portion of amount outstanding related to sale of interest in Carbon, allowance: September 2023: $ 750 ; June 2023: $ 750 250 - Current portion of total held to maturity investments - - Investment in 7.625 % of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625 % notes - - Other receivables 17,458 14,628 Total accounts receivable, $ 27,939 $ 25,665 Trade receivables include amounts provided to settlement. The duration nature amounts. operational timing issues and rather a matter of operational timing. Credit risk in respect of trade receivables are generally not for these basic of corresponding has performance of these but, Subsequent recovery from distressed accounts are generally limited. 2. Accounts receivable, net and other receivables and Accounts receivable, net and other receivables (continued) Current portion of amount outstanding related to sale of interest in Carbon represents the amount due from the purchaser related to the sale of the Company’s 0.25 allowance for doubtful loans receivable of $ 0.25 face value of $ 3.0 0.75 $ 0.75 0.25 the equity-accounted investment in 0.25 the three months ended September 30, 2023. Investment in 7.625 % of Cedar Cellular 8.625 % notes represents the due to mature in June 30, 2023, respectively was $ 0 Other receivables includes prepayments, deposits, income taxes receivable Contractual maturities of held to maturity investments Summarized below is the contractual maturity of the Company’s Cost basis Estimated fair value (1) Due in one year or less $ - $ - Due in one year through five years (2) - - Due in five years through ten years - - Due after ten years - - Total $ - $ - (1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Cedar Cellular, namely, (2) The cost basis is zero ($ 0.0 Finance loans receivable, net The Company’s finance September 30, June 30, 2023 2023 Microlending finance loans receivable, net $ 20,877 $ 20,605 Microlending finance loans receivable, gross 22,328 22,037 Allowance for doubtful finance loans receivable, end of period 1,451 1,432 Beginning of period 1,432 1,394 Reversed to statement of operations (27) - Charged to statement of operations 416 1,452 Utilized (364) (1,214) Foreign currency adjustment (6) (200) Merchant finance loans receivable, net 14,858 16,139 Merchant finance loans receivable, gross 17,800 18,289 Allowance for doubtful finance loans receivable, end of period 2,942 2,150 Beginning of period 2,150 297 Reallocation from allowance for doubtful accounts receivable - 418 Reversed to statement of operations (202) (1,268) Charged to statement of operations 1,394 3,068 Utilized (376) - Foreign currency adjustment (24) (365) Total finance $ 35,735 $ 36,744 Total operations Certain merchant finance loans receivable have been pledged as security for the Company’s revolving Allowance for credit losses Microlending finance loans receivable Microlending finance unsecured short-term six months , with the majority originated having six months . The Company portfolio have similar characteristics and management uses similar processes to monitor and assess Refer to Note 4 related to the Company risk management process related to The Company has operated this lending book for more than five years loans in order loans receivables rate as of 6.50 %. The performing not in arrears) of the book exceeds more than 99 % of outstanding lending book as of September 30, 2023. Merchant finance loans receivable Merchant unsecured twelve months , with loans originated having a tenor of seven months . The Company analyses this lending book the loans within the portfolio have similar characteristics and management uses similar processes to monitor and assess the credit risk of the lending book. The two years ) experience over for credit losses related to these merchant finance loans receivables multiplying the lifetime September 30, 2023, was approximately 1.18 %. The performing component (that is, outstanding loan payments not in arrears), performing loans 84 %, 11 % and 5 %, outstanding lending book as of September 30, 2023. |
Inventory
Inventory | 3 Months Ended |
Sep. 30, 2023 | |
Inventory [Abstract] | |
Inventory | 3. The Company’s inventory September 30, June 30, 2023 2023 Raw materials $ 2,642 $ 2,819 Work-in-progress 230 30 Finished goods 24,882 24,488 $ 27,754 $ 27,337 As of 8.5 8.6 airtime inventory that was previously and pursuant to September 30, 2022, Cell C Cell C agreed to repurchase, from October 10 to be repurchased by Cell C is calculated as ZAR 10 The Company’s ability to sell this airtime has increased significantly since the acquisition of Connect because Connect is reseller of Cell C market. If the Company is able to sell at least ZAR 10 not be prior to selling any of this airtime, however, there |
Fair Value Of Financial Instrum
Fair Value Of Financial Instruments | 3 Months Ended |
Sep. 30, 2023 | |
Fair Value Of Financial Instruments [Abstract] | |
Fair Value Of Financial Instruments | 4. Initial recognition and measurement Financial instruments which includes transaction costs. Risk management The Company manages its exposure and liquidity risks as discussed below. Currency exchange risk The assembles, and inventories that it is required to settle in other currencies, primarily the euro, renminbi, and U.S. dollar. has African rand (“ZAR”), on the one hand, and the U.S. dollar and the euro, on Translation risk Translation risk relates to currency, the ZAR there can be no Interest rate risk As a result of its it manages primarily through regular financing higher interest rates and equivalents and held to maturity investments and has occasionally Credit risk Credit Company evaluation Company’s entering equivalent) or better, as determined by credit Consumer microlending credit The Company qualifying customers. which are in line with local regulations. The Company considers this takes into account allowances may amount of of the creditworthiness of each customer. Merchant lending The Company maintains an allowance for to short-term loans to qualifying merchant customers. The lending criteria which uses bureau checks. the customer’s credit capacity and customer-specific 4. Risk management (continued Equity price and liquidity risk Equity price risk relates to the risk of loss that the Company would incur as a result of the volatility in the exchange-traded price of equity amount that the Company may obtain in a subsequent sale of these securities may significantly differ Equity liquidity risk on extended period of time without influencing the exchange-traded price, Financial instruments The following liabilities at fair value. In general, and where applicable, the Company uses quoted prices in fair value. liabilities are other investments. In assumptions that market participants would use in pricing the asset or liability. based techniques that include such techniques are included in Level 3 investments. Asset measured at fair value using significant unobservable inputs – investment The Company’s 75,000,000 provider in South Africa. its investment in Cell C as of September 30, 2023 and June 30, 2023, respectively, 0.0 0.0 of September 30, 2023, and June 30, 2023, respectively. the cash increased 10 % 20 % 15 % 24 % Company’s 15 % to 5 % as well business plan 2023, valuations. Adjustments have been made to the WACC business plan. The following key valuation inputs were used as of September 30, 2023 Weighted Average Between 20 % and 31 % over the period of the forecast Long term growth rate: 4.5 % ( 4.5 % as of June 30, 2023) Marketability discount: 20 % ( 20 % as of June 30, 2023) Minority discount: 24 % ( 24 % as of June 30, 2023) Net adjusted external debt - September 30, 2023: (1) ZAR 8 0.4 Net adjusted external debt - June 30, 2023: (2) ZAR 8.1 0.4 (1) translated from ZAR to U.S. dollars at exchange rates applicable as of (2) translated from ZAR to U.S. dollars at exchange rates applicable as of The following table presents the impact on the carrying value of the Company’s 1.0 % increase and 1.0 % decrease in the translated at exchange rates applicable as of September 30, 2023: Sensitivity for fair value of Cell C investment 1.0% increase 1.00% decrease WACC $ - $ 621 EBITDA margin $ 1,954 $ - The fair 0 % of shares. with respect to these shares particularly given that Cell C remains in a turnaround 4. Financial instruments Derivative transactions - Foreign exchange contracts As part foreign transactions. Substantially all of the Company’s derivative exposures are with counterparties that have long-term credit ratings of “B” (or equivalent) (Level 2). The Company has no derivatives that require fair value measurement The Company had no The according to the fair value hierarchy: Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets Investment in Cell C $ - $ - $ - $ - Related to insurance business: Cash, cash equivalents and restricted cash (included in other long-term assets) 251 - - 251 Fixed maturity investments (included in cash and cash equivalents) 3,661 - - 3,661 Foreign exchange contracts - - - - Total assets at fair value $ 3,912 $ - $ - $ 3,912 The following table presents the the fair value hierarchy: Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets Investment in Cell C $ - $ - $ - $ - Related to insurance business Cash and cash equivalents (included in other long-term assets) 258 - - 258 Fixed maturity investments (included in cash and cash equivalents) 3,119 - - 3,119 Total assets at fair value $ 3,377 $ - $ - $ 3,377 There have been no There was no 3, during the three months ended September 30, 2023 and 2022. Summarized below is the movement in the carrying value of categorized within Level 3, during the three months ended September Carrying value Assets Balance as of June 30, 2023 $ - Foreign currency adjustment (1) - Balance as of September 30, 2023 $ - (1) The foreign currency adjustment represents the effects of the fluctuations of the the carrying value. Summarized below is the movement in the carrying value categorized within Level 3, during the three months ended September Carrying value Assets Balance as of June 30, 2022 $ - Foreign currency adjustment (1) - Balance as of September 30, 2023 $ - (1) The on the carrying value. Assets measured at fair value on a nonrecurring basis The Company fair values of quoted market prices, market comparables, and discounted cash flow the recorded during the no basis. |
Equity-Accounted Investments An
Equity-Accounted Investments And Other Long-Term Assets | 3 Months Ended |
Sep. 30, 2023 | |
Equity-Accounted Investments And Other Long-Term Assets [Abstract] | |
Equity-Accounted Investments And Other Long-Term Assets | 5. Refer to Note 9 to the Company’s audited consolidated year ended June 30, 2023, for additional information regarding its equity-accounted Equity-accounted investments The Company’s ownership follows: September 30, June 30, 2023 2023 Finbond Group Limited (“Finbond”) 27.8 % 27.8 % Sandulela Technology 49.0 % 49.0 % SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) 50.0 % 50.0 % Finbond As of September 30, 2023, the Company owned 220,523,358 27.8 % of its issued and outstanding 29, 2023, the last trading 0.41 of 90.4 4.8 applicable as of September 30, 2023). 5. Equity-accounted investments (continued) Finbond (continued) August 2023 agreement to sell entire On agreement with Finbond to 64.2 3.4 exchange 0.2911 including otherwise the transaction will lapse. Sale of Finbond shares during the three The Company sold 81,935 $ 0.002 condensed consolidated statements of operations. The following table presents the 30, 2022: Three months ended September 30, 2022 Loss on disposal of Finbond shares: Consideration received in cash $ 3 Less: carrying value of Finbond shares sold (3) Less: release of foreign currency translation reserve from accumulated other (2) Add: release of stock-based compensation charge related to - Loss on sale of Finbond shares $ (2) Finbond impairments recorded As noted earlier, the Company has entered into an agreement to exit its position in Finbond and the Company considered this an impairment indicator. The in its impairment assessment if it considers exiting an equity method investment. The Company performed an impairment assessment of its 2023. The Company recorded an impairment loss of $ 1.2 difference between foreign currency 0.2911 2023 agreement referred to above to calculate the determined fair Finbond impairments recorded The Company considered impairment indicators. The Company 1.1 temporary decrease in Finbond’s value, which represented the difference between the determined fair value of the Company’s interest in Finbond and the Company’s shares on the JSE during the 80 % of liquidity discount of 25 % to 0.49 . The from 15 % (used 25 % as JSE. 5. Equity-accounted investments (continued) Carbon In September BV”), 25 %, Etobicoke for 0.5 3.0 0.75 equity 0 Carbon shares purchased as security for the amounts outstanding The Company received $ 0.25 (i) $ 0.25 0.75 in March 2024. Both condensed consolidated balance sheet as of September 30, 2023. The Company has allocated the $ 0.25 the equity interest and will allocate the funds received first to the sale of the equity The Company currently 0 the carrying value as of June 30, 2022, and has created an allowance for 1.0 Etobicoke. The Company did not incur any significant 0.25 to the condensed consolidated statements of operations. The following table presents the calculation of the gain on disposal of Carbon Three months ended September 30, 2022 Gain on disposal of Carbon shares: Consideration received in cash in September 2022 $ 250 Less: carrying value of Carbon - Gain on disposal of Carbon shares: (1) $ 250 (1) The Company does sales consideration received. The Company does not believe that it will be able to utilize the generate taxable income. Summarized below is the the three months ended September 30, 2023: Finbond Other (1) Total Investment in equity Balance as of June 30, 2023 $ 3,040 $ 131 $ 3,171 Stock-based compensation 14 - 14 Comprehensive income: (956) 40 (916) Other comprehensive income 489 - 489 Equity accounted (loss) earnings (1,445) 40 (1,405) Share of net (loss) earnings (278) 40 (238) Impairment (1,167) - (1,167) Foreign currency adjustment (2) (14) (2) (16) Balance as of September 30, 2023 $ 2,084 $ 169 $ 2,253 (1) Includes Sandulela, (2) The foreign currency dollar on the carrying value. 5. Other long-term assets Summarized below is the breakdown of other long-term assets as of September September 30, June 30, 2023 2023 Total equity investments $ 76,297 $ 76,297 Investment in 5 % of Cell C (June 30, 2023: 5 %) at fair value (Note 4) - - Investment in 10 % of MobiKwik (June 30, 2023: 10 %) (1) 76,297 76,297 Investment in 87.5 % of CPS (June 30, 2023: 87.5 %) at fair value (1)(2) - - Policy holder assets under investment contracts (Note 7) 251 257 Reinsurance assets under insurance contracts (Note 7) 1,274 1,040 Total other long-term $ 77,822 $ 77,594 (1) record these investments transactions for the identical or a similar investment of the same issuer. (2) On October 16, 2020, Summarized below maturity investments as of September 30, 2023: Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ 49,304 $ - $ 76,297 Investment in CPS - - - - Held to maturity: Investment in Cedar Cellular notes (Note 2) - - - - Total $ 26,993 $ 49,304 $ - $ 76,297 Summarized below are the components of the Company’s maturity investments as of June 30, 2023: Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ 49,304 $ - $ 76,297 Investment in CPS - - - - Held to maturity: Investment in Cedar Cellular notes - - - - Total $ 26,993 $ 49,304 $ - $ 76,297 |
Goodwill And Intangible Assets,
Goodwill And Intangible Assets, Net | 3 Months Ended |
Sep. 30, 2023 | |
Goodwill And Intangible Assets, Net [Abstract] | |
Goodwill And Intangible Assets, Net | 6. Goodwill Summarized below is the movement in the carrying value of goodwill Gross value Accumulated impairment Carrying value Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 Foreign currency adjustment (1) (664) 60 (604) Balance as of September 30, 2023 $ 151,955 $ (18,816) $ 133,139 (1) – The foreign currency adjustment represents the effects dollar on the carrying value. Goodwill has been allocated to the Company’s Consumer Merchant Carrying value Balance as of June 30, 2023 $ - $ 133,743 $ 133,743 Foreign currency adjustment (1) - (604) (604) Balance as of September 30, 2023 $ - $ 133,139 $ 133,139 (1) The foreign on the carrying value. Intangible assets, net Carrying value and amortization of intangible assets Summarized below is 30, 2023: As of September 30, 2023 As of June 30, 2023 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships $ 24,865 $ (12,005) $ 12,860 $ 24,978 $ (11,565) $ 13,413 Software, integrated platform and unpatented technology 110,535 (16,419) 94,116 110,906 (13,711) 97,195 FTS patent 2,025 (2,025) - 2,034 (2,034) - Brands and trademarks 13,789 (3,170) 10,619 13,852 (2,863) 10,989 Total finite-lived assets $ 151,214 $ (33,619) $ 117,595 $ 151,770 $ (30,173) $ 121,597 Aggregate amortization was approximately $ 3.6 4.0 years amortization expense in future periods could differ from this estimate fluctuations and other relevant factors. Fiscal 2024 (three months ended September 30, 2023) $ 10,742 Fiscal 2025 14,327 Fiscal 2026 14,328 Fiscal 2027 14,274 Fiscal 2028 14,232 Thereafter 49,692 Total future $ 117,595 |
Assets And Policyholder Liabili
Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 3 Months Ended |
Sep. 30, 2023 | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 7. Reinsurance assets and policyholder liabilities under insurance contracts Summarized below is the movement in reinsurance months ended September 30, 2023: Reinsurance Assets (1) Insurance contracts (2) Balance as of June 30, 2023 $ 1,040 $ (1,600) Increase in policy holder benefits under insurance contracts 378 (1,952) Claims and decrease in policyholders’ benefits under insurance contracts (136) 1,671 Foreign currency adjustment (3) (8) 10 Balance as of September 30, 2023 $ 1,274 $ (1,871) (1) Included in other long-term assets (refer to Note 5); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. The Company has agreements with reinsurance companies in order to limit its losses from various insurance contracts, however, if the reinsurer is unable on the best estimate assumptions of future experience plus prescribed offered, related to claim reporting delays (based on average industry experience). Assets and policyholder liabilities under investment contracts Summarized ended September 30, 2023: Assets (1) Investment contracts (2) Balance as of June 30, 2023 $ 257 $ (241) Increase in policy holder benefits under investment contracts 3 (3) Foreign currency adjustment (3) (9) 1 Balance as of September 30, 2023 $ 251 $ (243) (1) Included in other long-term assets (refer to Note 5); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. The Company does not offer any investment products with guarantees |
Borrowings
Borrowings | 3 Months Ended |
Sep. 30, 2023 | |
Borrowings [Abstract] | |
Borrowings | 8. Refer to the year ended June 30, 2023, for additional information regarding South Africa The Interbank Agreed Rate (“JIBAR”) on September 30, 2023, was 8.33 %. The prime rate on September 30, 2023, was 11.75 %. RMB Facilities, as amended, comprising a short-term facility (Facility E) and long-term Long-term borrowings - Facility G and Facility H As 10.0 0.5 200 revolving credit facility. 5.50 %. Available short-term facility - As of September ZAR 1.4 74.0 0.4 19.8 of this overdraft facility. cash to fund the Company’s ATMs Connect Facilities, comprising long-term borrowings and a short-term facility As of September 30, 2023, the 205.0 (of which ZAR 170.0 700.0 550.0 utilized); and (iv) an asset-backed facility of ZAR 200.0 152.5 CCC Revolving Credit Facility, comprising As of 300.0 205.5 million has been utilized). based on the South African prime rate in effect from time to time plus 0.95 % per annum. RMB facility, comprising indirect facilities As of September was ZAR 135.0 7.1 September 33.1 1.7 33.1 million ($ 1.8 135.0 135.0 to enable the bank to issue guarantees, letters of credit and forward exchange Nedbank facility, comprising short-term facilities As of was ZAR 156.6 8.3 156.6 8.3 million), which include guarantees, letters of credit and forward exchange As of September 30, 2023 and June 30, 2023, the Company had utilized approximately ZAR 2.1 0.1 2.1 0.1 156.6 156.6 million) to enable the bank to issue guarantees, letters of credit and forward 8. Movement in short-term credit facilities Summarized below are the term facilities from as of June 30, 2023 to as of September 30, 2023: RMB RMB RMB Nedbank Facility E Indirect Connect Facilities Total Short-term facilities available as of September 30, 2023 $ 73,982 $ 7,134 $ 10,833 $ 8,273 $ 100,222 Overdraft - - 10,833 - 10,833 Overdraft restricted as to use for ATM 73,982 - - - 73,982 Indirect and derivative facilities - 7,134 - 8,273 15,407 Movement in utilized overdraft facilities: Restricted as to use for ATM 23,021 - - - 23,021 No restrictions as to use - - 9,025 - 9,025 Balance as of June 30, 2023 23,021 - 9,025 - 32,046 Utilized 59,574 - - - 59,574 Repaid (62,793) - - - (62,793) Foreign currency adjustment (1) (48) - (42) - (90) Balance as of September 30, 2023 19,754 - 8,983 - 28,737 Restricted as to use for ATM 19,754 - - - 19,754 No restrictions as to use $ - $ - $ 8,983 $ - $ 8,983 Interest rate as of September 30, 2023 (%) (2) 11.75 - 11.65 - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2023 $ - $ 1,757 $ - $ 112 $ 1,869 Foreign currency adjustment (1) - (8) - - (8) Balance as of September 30, 2023 $ - $ 1,749 $ - $ 112 $ 1,861 (1) Represents the effects of the fluctuations between the (2) Facility E interest set at prime and the Connect facility at prime less 0.10 %. 8. Movement in long-term borrowings Summarized below is 30, 2023: Facilities G & H A&B CCC Asset backed Total Included in current $ - $ - $ - $ 3,663 $ 3,663 Included in long-term 48,965 64,436 11,802 4,252 129,455 Opening balance as of June 30, 2023 48,965 64,436 11,802 7,915 133,118 Facilities utilized 1,372 - - 1,099 2,471 Facilities repaid (797) - (904) (928) (2,629) Non-refundable fees paid - - - - - Non-refundable fees amortized 202 12 13 - 227 Capitalized interest 1,756 - - - 1,756 Capitalized interest repaid (58) - - - (58) Foreign currency adjustment (1) (297) (293) (50) (28) (668) Closing balance as of September 30, 2023 51,143 64,155 10,861 8,058 134,217 Included in current - - - 3,630 3,630 Included in long-term 51,143 64,155 10,861 4,428 130,587 Unamortized fees (397) (210) (53) - (660) Due within 2 years - - - 3,179 3,179 Due within 3 years 51,540 4,954 10,914 1,142 68,550 Due within 4 years - 7,596 - 104 7,700 Due within 5 years $ - $ 51,815 $ - $ 3 $ 51,818 Interest rates as of September 30, 2023 (%): 13.83 12.08 12.70 12.50 Base rate (%) 8.33 8.33 11.75 11.75 Margin (%) 5.50 3.75 0.95 0.75 Footnote number (2) (3) (4) (5) (1) Represents the effects of the fluctuations between the ZAR and the (2) Interest on Facility G from January 1, 2023: 5.50 % for as long as 800 4.25 % if the aggregate balance under the Facilities is equal to or less than ZAR 800 350 2.50 % if the aggregate balance under the Facilities is less than ZAR 350 (3) Interest on Facility A and Facility B is calculated based on JIBAR plus a margin, 3.75 %, in effect from time to time. (4) Interest is charged at prime plus 0.95 % per annum on the utilized balance. (5) Interest is charged at prime plus 0.75 % per annum on the utilized balance. Interest expense incurred under the Company’s South African long-term borrowings and included in the on the condensed consolidated statement of operations during the three months ended September 30, 2023 and 4.0 and $ 2.7 30, 2023 0.2 0.2 K2020 and this 0.4 0.2 servicing and support on |
Other Payables
Other Payables | 3 Months Ended |
Sep. 30, 2023 | |
Other Payables [Abstract] | |
Other Payables | 9. Summarized below is the breakdown of other payables as of September September 30, June 30, 2023 2023 Accruals $ 6,619 $ 7,078 Provisions 3,282 7,429 Value 983 1,247 Payroll-related payables 2,125 1,038 Participating merchants' settlement obligation 39 39 Other 22,057 19,466 $ 35,105 $ 36,297 Other includes transactions-switching funds payable, deferred income, client |
Capital Structure
Capital Structure | 3 Months Ended |
Sep. 30, 2023 | |
Capital Structure [Abstract] | |
Capital Structure | 10. The following table presents a consolidated statement of changes in equity as of September 30, 2023 September 30, September 30, 2023 2022 Number of shares, net of treasury: Statement of changes in equity 63,638,912 62,522,384 Non-vested equity shares that have not vested as of end of period 2,527,492 2,518,546 Number of shares, net of treasury, vested 61,111,420 60,003,838 |
Accumulated Other Comprehensive
Accumulated Other Comprehensive Loss | 3 Months Ended |
Sep. 30, 2023 | |
Accumulated Other Comprehensive Loss [Abstract] | |
Accumulated Other Comprehensive Loss | 11. The table September 30, 2023: Three months ended September 30, 2023 Accumulated foreign currency translation reserve Total Balance as of July 1, 2023 $ (195,726) $ (195,726) Movement in foreign currency translation reserve related to equity-accounted investment 489 489 Movement in foreign currency translation reserve (844) (844) Balance as of September 30, 2023 $ (196,081) $ (196,081) 11. The table September 30, 2022: Three months ended September 30, 2022 Accumulated foreign currency translation reserve Total Balance as of July 1, 2022 $ (168,840) $ (168,840) Release of foreign currency translation reserve related to disposal of Finbond securities 2 2 Movement in foreign currency translation reserve related to equity-accounted investment 2,441 2,441 Movement in foreign currency translation reserve (22,093) (22,093) Balance as of September 30, 2022 $ (188,490) $ (188,490) There were no September 30, 2023. During the three months ended September 30, 2022, the Company reclassified $ 0.002 other comprehensive (refer to Note 5). |
Stock-Based Compensation
Stock-Based Compensation | 3 Months Ended |
Sep. 30, 2023 | |
Stock-Based Compensation [Abstract] | |
Stock-Based Compensation | 12. The Company’s awards granted are described in Note 17 to the Company’s audited consolidated financial statements included in its Annual Report on Form 10-K for the year ended June 30, 2023. Stock option and restricted stock activity Options The following table summarizes stock option activity for the three months Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($'000) Weighted average grant date fair value ($) Outstanding - June 30, 2023 673,274 4.37 5.14 239 1.67 Exercised (6,793) 3.07 - 5 - Forfeited (175,776) 3.58 - - 1.22 Outstanding - September 30, 2023 490,705 4.68 6.30 199 1.82 Outstanding - June 30, 2022 926,225 4.14 6.60 1,249 1.60 Exercised (2,000) 3.07 - 1 - Forfeited - - - - - Outstanding - September 30, 2022 924,225 4.14 6.36 226 1.60 No ended September 0.02 0.006 exercise of 6,793 2,000 175,776 during the No 2022. 12. Stock option and restricted stock activity Options The following table presents stock options vested and expected to vest as of Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Vested 490,705 4.68 6.30 199 These options have an exercise price range of $ 3.01 11.23 . The following table presents stock options that are exercisable as of September Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Exercisable - September 30, 2023 341,317 5.05 5.77 121 No new shares to satisfy stock option exercises. Restricted stock The following table summarizes restricted stock activity for the three Number of shares of restricted stock Weighted average grant date fair value ($’000) Non-vested – June 30, 2023 2,614,419 11,869 Total vested (78,800) 302 Forfeitures (8,127) 32 Non-vested – September 30, 2023 2,527,492 11,475 Non-vested – June 30, 2022 2,385,267 11,879 Total Granted 212,080 1,167 Granted – July 2021 32,582 172 Granted – August 2021 179,498 995 Total vested (78,801) 410 Vested (78,801) 410 Non-vested – September 30, 2022 2,518,546 12,568 12. Stock option and restricted stock activity (continued) Restricted stock (continued) Grants No 32,582 shares of restricted one -for-one basis, an employee’s 1.0 in August 179,498 time-based vesting conditions. In October 2023, the 225,000 except if the executive officer is terminated for cause, 310,916 shares of restricted stock three and vest in full only on 10 % appreciation in the Company’s stock price off a base price of $ 4.00 17, 2026, conditions is not satisfied, then none of the shares of restricted stock will vest and they on September 30, 2023, was $ 3.90 . The appreciation levels (times and price) and vesting percentages as of each ● Prior to the first anniversary of the grant date: 0 %; ● Fiscal approximately 1.10 4.40 4.00 : 33 %; ● Fiscal 2026, the Company’s 1.21 4.84 4.00 : 67 %; ● Fiscal 2027, the Company’s 1.33 5.32 ) than $ 4.00 : 100 %. The 333,080 150 employees vesting dates. The Company has not yet determined the fair value of these shares of restricted As fully described in Note 17 to 10-K for the 19,443 30, 2022 which were ineligible for transfer until the earlier of December Vesting In July 2023, 78,800 78,801 to Mr. 35,460 shares. The 35,460 Forfeitures During 8,127 termination of employment with the Company. No 30, 2022. 12. Stock-based compensation charge and unrecognized compensation The Company recorded a stock-based compensation charge, net during the three months ended September 30, 2023 and 2022, of $ 1.8 1.5 Total Allocated to cost of goods sold, IT processing, servicing and support Allocated to selling, general and administration Three months ended September 30, 2023 Stock-based compensation charge $ 1,768 $ - $ 1,768 Reversal of stock compensation charge related to stock options and restricted stock forfeited (9) - (9) Total - three months $ 1,759 $ - $ 1,759 Three months ended September 30, 2022 Stock-based compensation charge $ 1,462 $ - $ 1,462 Total - three months $ 1,462 $ - $ 1,462 The stock-based compensation charges cash compensation paid to the relevant employees. As of 0.1 which two years . compensation cost related 5.8 approximately two years . As of 0.6 million and $ 0.6 30, 0.6 0.6 million, related to the deferred tax asset because it does not believe that the stock-based it does market value on the date |
(Loss) Earnings Per Share
(Loss) Earnings Per Share | 3 Months Ended |
Sep. 30, 2023 | |
(Loss) Earnings Per Share [Abstract] | |
(Loss) Earnings Per Share | 13. The Company class of reflected in basic earnings no carrying value of the redeemable common stock during class method presented below does not include the impact of in Note 14 to the Company’s audited consolidated financial statements included in June 30, 2023. Basic (loss) earnings per share shares are eligible has been calculated using the two-class 2022, to shares of unvested of these unvested shares of restricted stock from the denominator. Diluted (loss) would have calculation of diluted (loss) earnings per share utilizing the treasury as the 41,809 210,530 30, 2023 and 2022, because the effect would be antidilutive. The employees earnings per share calculation and conditions for Annual Report on Form 10-K for the year ended June 30, 2023. 13. The computations using the two-class method: Three months ended September 30, 2023 2022 (in thousands except percent and per share data) Numerator: Net loss attributable to Lesaka $ (5,651) $ (10,696) Undistributed (loss) earnings $ (5,651) $ (10,696) Percent allocated to common shareholders (Calculation 1) 96 96 Numerator for (loss) earnings per share: basic and diluted (5,402) (10,277) Continuing (5,402) (10,277) Denominator Denominator for basic (loss) earnings per share: Weighted-average 60,990 59,996 Denominator for diluted (loss) earnings per share: adjusted weighted common shares outstanding and assuming conversion 60,990 59,996 (Loss) Earnings per share: Basic $ (0.09) $ (0.17) Diluted $ (0.09) $ (0.17) (Calculation 1) Basic weighted-average common shares outstanding (A) 60,990 59,996 Basic weighted-average common shares outstanding and unvested restricted expected to vest (B) 63,805 62,445 Percent allocated to common shareholders 96 96 Options 262,506 4.87 11.23 outstanding during per share because the purchase 324,619 4.87 11.23 the three months ended September because the expire at various dates through February 3, 2032, were still outstanding |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 3 Months Ended |
Sep. 30, 2023 | |
Supplemental Cash Flow Information [Abstract] | |
Supplemental Cash Flow Information | 14. The following table presents supplemental cash flow disclosures for Three months ended September 30, 2023 2022 Cash received from interest $ 445 $ 409 Cash paid for interest $ 2,925 $ 4,011 Cash paid for income taxes $ 604 $ 677 14. Leases The following table presents supplemental cash flow disclosure related to leases for the three months ended September 30, 2023 and 2022: Three months ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 693 $ 805 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 1,543 $ 61 |
Revenue Recognition
Revenue Recognition | 3 Months Ended |
Sep. 30, 2023 | |
Revenue Recognition [Abstract] | |
Revenue Recognition | 15. Disaggregation of revenue The reportable segments for the three months ended September 30, 2023: Merchant Consumer Total Processing fees $ 28,760 $ 5,733 $ 34,493 South Africa 27,400 5,733 33,133 Rest of world 1,360 - 1,360 Technology 2,037 19 2,056 South Africa 1,986 19 2,005 Rest of world 51 - 51 Telecom products 87,313 41 87,354 South Africa 82,559 41 82,600 Rest of world 4,754 - 4,754 Lending revenue - 5,373 5,373 Interest from customers 1,520 - 1,520 Insurance revenue - 2,611 2,611 Account holder fees - 1,368 1,368 Other 879 435 1,314 South Africa 830 435 1,265 Rest of world 49 - 49 Total revenue, derived 120,509 15,580 136,089 South Africa 114,295 15,580 129,875 Rest of world $ 6,214 $ - $ 6,214 15. The reportable segments for the three months ended September 30, 2022: Merchant Consumer Total Processing fees $ 27,297 $ 6,535 $ 33,832 South Africa 26,028 6,535 32,563 Rest of world 1,269 - 1,269 Technology 3,897 37 3,934 South Africa 3,830 37 3,867 Rest of world 67 - 67 Telecom products 76,120 - 76,120 South Africa 72,029 - 72,029 Rest of world 4,091 - 4,091 Lending revenue - 4,711 4,711 Interest from customers 1,223 - 1,223 Insurance revenue - 2,181 2,181 Account holder fees - 1,411 1,411 Other 1,245 129 1,374 South Africa 1,201 129 1,330 Rest of world 44 - 44 Total revenue, derived 109,782 15,004 124,786 South Africa 104,311 15,004 119,315 Rest of world $ 5,471 $ - $ 5,471 |
Leases
Leases | 3 Months Ended |
Sep. 30, 2023 | |
Leases [Abstract] | |
Leases | 16. The arrangements relate primarily Company operates one five years . The Company also operates parts one year . The Company’s operating lease expense during the three months ended September 30, 2023 and 2022 was $ 0.7 $ 0.8 The locations, September 30, 2023 and 2022, was $ 0.9 1.1 The following table presents supplemental balance lease liabilities as of September 30, 2023 and June 30, 2023: September 30, June 30, 2023 2023 Right of use assets obtained in exchange for lease obligations: Weighted average 3.71 1.77 Weighted average 10.1 9.7 The maturities of the Company’s Maturities of operating lease liabilities Year 2024 (excluding three months to September 30, 2023) $ 1,699 2025 1,638 2026 1,305 2027 1,239 2028 1,159 Thereafter 120 Total undiscounted 7,160 Less imputed interest 1,357 Total operating lease liabilities, 5,803 Operating lease liability - current 1,722 Operating lease liability - long-term $ 4,081 |
Operating Segments
Operating Segments | 3 Months Ended |
Sep. 30, 2023 | |
Operating Segments [Abstract] | |
Operating Segments | 17. Operating segments The Company discloses segment information as reflected in the management decision maker uses in making decisions and to report certain entity-wide disclosures about products and services, and the countries in which the entity holds material assets or reports material revenues. A description of the Company’s operating segments is contained in Note 21 June 30, 2023. The two (1) Consumer Division (“Consumer”) and (2) Merchant Division (“Merchant 17. Operating segments (continued) The reconciliation of the 30, 2023 and 2022, is as follows: Revenue Reportable Segment Inter- segment From external customers Merchant $ 121,361 $ 852 $ 120,509 Consumer 15,580 - 15,580 Total for the three $ 136,941 $ 852 $ 136,089 Merchant $ 109,782 $ - $ 109,782 Consumer 15,004 - 15,004 Total for the three $ 124,786 $ - $ 124,786 The (“EBITDA”), adjusted for items mentioned off items, stock-based compensation of goodwill or other intangible securities), interest income, interest expense, income tax Group costs generally include: employee related costs in relation to employees specifically hired for group roles and related directly to managing the US-listed entity; expenditures related legal recurring expense loss FV adjustments reflect both reportable segments’ Segment Adjusted EBITDA to the Company’s The reconciliation of ended September 30, 2023 and 2022, is as follows: Three months ended September 30, 2023 2022 Reportable segments measure of profit or loss $ 10,541 $ 6,499 Operating loss: Group costs (1,822) (2,300) Once-off costs (78) (598) Unrealized Loss FV for currency adjustments (102) - Lease adjustments (696) (812) Stock-based compensation charge adjustments (1,759) (1,462) Depreciation and amortization (5,856) (5,998) Reversal of allowance of EMI doubtful debt 250 - Gain on disposal of equity-accounted investments - 248 Interest income 449 411 Interest expense (4,909) (4,036) Loss before income tax expense $ (3,982) $ (8,048) 17. Operating segments (continued) The following September 30, 2023 and 2022: Three months ended September 30, 2023 2022 Revenues Merchant $ 121,361 $ 109,782 Consumer 15,580 15,004 Total reportable segment 136,941 124,786 Segment Adjusted EBITDA Merchant (1) 8,061 7,893 Consumer (1) 2,480 (1,394) Total Segment Adjusted 10,541 6,499 Depreciation and amortization Merchant 2,078 1,825 Consumer 169 245 Subtotal: Operating segments 2,247 2,070 Group costs 3,609 3,928 Total 5,856 5,998 Expenditures for long-lived assets Merchant 2,763 3,873 Consumer 46 628 Subtotal: Operating segments 2,809 4,501 Group costs - - Total $ 2,809 $ 4,501 (1) 0.2 4.6 includes retrenchment costs of $ 0.1 1.5 The segment segment as all of have dedicated assets and segment asset allocation is therefore not presented. |
Income Tax
Income Tax | 3 Months Ended |
Sep. 30, 2023 | |
Income Tax [Abstract] | |
Income Tax | 18. Income tax in interim periods For the purposes of interim the effective effect expenses that rate, if and when applicable, on the opening balance of deferred tax assets event in the interim period in which the enactment date occurs. For the three months ended September 30, 2023, the Company’s the Company’s regarding net operating losses incurred by these entities. For the three months ended September 30, 2022, the Company’s the Company’s regarding net operating losses incurred by these entities. 18. Uncertain tax positions (continued) The Company had no Company had no no t expect changes related to its unrecognized tax benefits will have a significant impact on its results of operations The Company no in the U.S. federal jurisdiction. As of September 30, 2023, the Company’s tax examination other jurisdictions outside results of operations. |
Commitments And Contingencies
Commitments And Contingencies | 3 Months Ended |
Sep. 30, 2023 | |
Commitments And Contingencies [Abstract] | |
Commitments And Contingencies | 19. Guarantees The South African the Company required to procure these guarantees for these third parties to operate RMB has 33.1 1.7 applicable as of September 30, 2023) thereby utilizing part of the Company’s short-term facilities. The Company pays commission of between 3.42 % per annum to 3.44 % per annum of the face third parties. Nedbank has 2.1 0.1 applicable as of September 30, 2023) thereby utilizing part of the Company’s short-term facilities. The Company pays commission of between 0.47 % per annum to 1.84 % per annum of the face third parties. The Company has not recognized any obligation related to these 2023. The maximum 35.2 1.9 at exchange accounts to Nedbank as 2.1 0.1 at derivative facilities in the Company’s Contingencies The business. Management material adverse impact on the Company’s |
Basis Of Presentation And Sum_2
Basis Of Presentation And Summary Of Significant Accounting Policies (Policy) | 3 Months Ended |
Sep. 30, 2023 | |
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract] | |
Unaudited Interim Financial Information | Unaudited Interim Financial Information The accompanying the Company exercises and the rules include all of ended disclosures are adequate to make the information presented not misleading. These accounting policies and financial notes thereto included in the 30, adjustments (consisting only of normal recurring adjustments), which are necessary for a fair interim periods presented. References to “Lesaka” are references consolidated subsidiaries, collectively, |
Allowance For Doubtful Accounts Receivable | Allowance for doubtful accounts receivable Allowance for doubtful finance loans receivable The Company uses historical default experience over the lifetime of loans in order to calculate a lifetime loss rate for its lending books. The allowance for credit losses related with calculated lending adjusted its allowance based on management’s estimate of the recoverability microlending finance three months evident that reasonable recovery procedures, including where deemed necessary, Allowance for doubtful accounts receivable The Company uses a lifetime loss rate by expressing write-off experience as a percentage of corresponding opposed to outstanding balances). lifetime considered likely that all or support and maintenance recoverability payment history of the customer in relation to those specific amounts. |
Recent Accounting Pronouncements Adopted | Recent accounting pronouncements adopted In June 2016, the Financial Accounting Standards Board issued guidance regarding Measurement of Credit Losses on Financial Instruments . expected credit estimates. expected loss losses relating to in the amortized cost basis of the securities. The guidance became effective for the Company beginning July 1, 2023. The adoption of this guidance did not have a material impact on the Company’s In November Hedging accounting certain types guidance changes some effective and Hedging Other Measurement Instruments 2023. The refer to Note 2. |
Accounts Receivable, Net And _2
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] | |
Schedule Of Accounts Receivable, Net And Other Receivables | September 30, June 30, 2023 2023 Accounts receivable, trade, net $ 10,231 $ 11,037 Accounts receivable, trade, gross 10,401 11,546 Allowance for doubtful accounts receivable, end of period 170 509 Beginning of period 509 509 Reallocation to allowance for doubtful finance loans receivable - (418) Reversed to statement of operations (235) (31) Charged to statement of operations 179 2,005 Utilized (284) (1,645) Foreign currency adjustment 1 89 Current portion of amount outstanding related to sale of interest in Carbon, allowance: September 2023: $ 750 ; June 2023: $ 750 250 - Current portion of total held to maturity investments - - Investment in 7.625 % of Cedar Cellular Investment 1 (RF) (Pty) Ltd 8.625 % notes - - Other receivables 17,458 14,628 Total accounts receivable, $ 27,939 $ 25,665 |
Summary Of Contractual Maturity Of Investment | Cost basis Estimated fair value (1) Due in one year or less $ - $ - Due in one year through five years (2) - - Due in five years through ten years - - Due after ten years - - Total $ - $ - (1) The estimated fair value of the Cedar Cellular note has been calculated utilizing the Cedar Cellular, namely, (2) The cost basis is zero ($ 0.0 |
Schedule Of Finance Loans Receivable, Net | September 30, June 30, 2023 2023 Microlending finance loans receivable, net $ 20,877 $ 20,605 Microlending finance loans receivable, gross 22,328 22,037 Allowance for doubtful finance loans receivable, end of period 1,451 1,432 Beginning of period 1,432 1,394 Reversed to statement of operations (27) - Charged to statement of operations 416 1,452 Utilized (364) (1,214) Foreign currency adjustment (6) (200) Merchant finance loans receivable, net 14,858 16,139 Merchant finance loans receivable, gross 17,800 18,289 Allowance for doubtful finance loans receivable, end of period 2,942 2,150 Beginning of period 2,150 297 Reallocation from allowance for doubtful accounts receivable - 418 Reversed to statement of operations (202) (1,268) Charged to statement of operations 1,394 3,068 Utilized (376) - Foreign currency adjustment (24) (365) Total finance $ 35,735 $ 36,744 |
Inventory (Tables)
Inventory (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Inventory [Abstract] | |
Schedule Of Inventory | September 30, June 30, 2023 2023 Raw materials $ 2,642 $ 2,819 Work-in-progress 230 30 Finished goods 24,882 24,488 $ 27,754 $ 27,337 |
Fair Value Of Financial Instr_2
Fair Value Of Financial Instruments (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Fair Value Of Financial Instruments [Abstract] | |
Schedule Of Key Valuation Inputs Used To Measure Fair Value Of Investment In Cell C | Weighted Average Between 20 % and 31 % over the period of the forecast Long term growth rate: 4.5 % ( 4.5 % as of June 30, 2023) Marketability discount: 20 % ( 20 % as of June 30, 2023) Minority discount: 24 % ( 24 % as of June 30, 2023) Net adjusted external debt - September 30, 2023: (1) ZAR 8 0.4 Net adjusted external debt - June 30, 2023: (2) ZAR 8.1 0.4 (1) translated from ZAR to U.S. dollars at exchange rates applicable as of (2) translated from ZAR to U.S. dollars at exchange rates applicable as of |
Schedule Of Impact On Carrying Value Of Cell C Investment | Sensitivity for fair value of Cell C investment 1.0% increase 1.00% decrease WACC $ - $ 621 EBITDA margin $ 1,954 $ - |
Fair Value Of Assets And Liabilities Measured On Recurring Basis | Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets Investment in Cell C $ - $ - $ - $ - Related to insurance business: Cash, cash equivalents and restricted cash (included in other long-term assets) 251 - - 251 Fixed maturity investments (included in cash and cash equivalents) 3,661 - - 3,661 Foreign exchange contracts - - - - Total assets at fair value $ 3,912 $ - $ - $ 3,912 Quoted Price in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Assets Investment in Cell C $ - $ - $ - $ - Related to insurance business Cash and cash equivalents (included in other long-term assets) 258 - - 258 Fixed maturity investments (included in cash and cash equivalents) 3,119 - - 3,119 Total assets at fair value $ 3,377 $ - $ - $ 3,377 |
Carrying Value Of Assets And Liabilities Measured On Recurring Basis | Carrying value Assets Balance as of June 30, 2023 $ - Foreign currency adjustment (1) - Balance as of September 30, 2023 $ - (1) The foreign currency adjustment represents the effects of the fluctuations of the the carrying value. Carrying value Assets Balance as of June 30, 2022 $ - Foreign currency adjustment (1) - Balance as of September 30, 2023 $ - (1) The on the carrying value. |
Equity-Accounted Investments _2
Equity-Accounted Investments And Other Long-Term Assets (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Ownership Percentage Of Equity-Accounted Investments | September 30, June 30, 2023 2023 Finbond Group Limited (“Finbond”) 27.8 % 27.8 % Sandulela Technology 49.0 % 49.0 % SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) 50.0 % 50.0 % |
Schedule Of Calculation Of Gain (Loss) On Disposal | Three months ended September 30, 2022 Loss on disposal of Finbond shares: Consideration received in cash $ 3 Less: carrying value of Finbond shares sold (3) Less: release of foreign currency translation reserve from accumulated other (2) Add: release of stock-based compensation charge related to - Loss on sale of Finbond shares $ (2) Three months ended September 30, 2022 Gain on disposal of Carbon shares: Consideration received in cash in September 2022 $ 250 Less: carrying value of Carbon - Gain on disposal of Carbon shares: (1) $ 250 (1) The Company does sales consideration received. The Company does not believe that it will be able to utilize the generate taxable income. |
Summary Of Movement In Equity-Accounted Investments | Finbond Other (1) Total Investment in equity Balance as of June 30, 2023 $ 3,040 $ 131 $ 3,171 Stock-based compensation 14 - 14 Comprehensive income: (956) 40 (916) Other comprehensive income 489 - 489 Equity accounted (loss) earnings (1,445) 40 (1,405) Share of net (loss) earnings (278) 40 (238) Impairment (1,167) - (1,167) Foreign currency adjustment (2) (14) (2) (16) Balance as of September 30, 2023 $ 2,084 $ 169 $ 2,253 (1) Includes Sandulela, (2) The foreign currency dollar on the carrying value. |
Summary Of Other Long-Term Asset | September 30, June 30, 2023 2023 Total equity investments $ 76,297 $ 76,297 Investment in 5 % of Cell C (June 30, 2023: 5 %) at fair value (Note 4) - - Investment in 10 % of MobiKwik (June 30, 2023: 10 %) (1) 76,297 76,297 Investment in 87.5 % of CPS (June 30, 2023: 87.5 %) at fair value (1)(2) - - Policy holder assets under investment contracts (Note 7) 251 257 Reinsurance assets under insurance contracts (Note 7) 1,274 1,040 Total other long-term $ 77,822 $ 77,594 (1) record these investments transactions for the identical or a similar investment of the same issuer. (2) On October 16, 2020, |
Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments | Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ 49,304 $ - $ 76,297 Investment in CPS - - - - Held to maturity: Investment in Cedar Cellular notes (Note 2) - - - - Total $ 26,993 $ 49,304 $ - $ 76,297 Cost basis Unrealized holding Unrealized holding Carrying gains losses value Equity securities: Investment in MobiKwik $ 26,993 $ 49,304 $ - $ 76,297 Investment in CPS - - - - Held to maturity: Investment in Cedar Cellular notes - - - - Total $ 26,993 $ 49,304 $ - $ 76,297 |
Goodwill And Intangible Asset_2
Goodwill And Intangible Assets, Net (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Goodwill And Intangible Assets, Net [Abstract] | |
Summary Of Movement In Carrying Value Of Goodwill | Gross value Accumulated impairment Carrying value Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 Foreign currency adjustment (1) (664) 60 (604) Balance as of September 30, 2023 $ 151,955 $ (18,816) $ 133,139 (1) – The foreign currency adjustment represents the effects dollar on the carrying value. |
Goodwill Allocated To Reportable Segments | Consumer Merchant Carrying value Balance as of June 30, 2023 $ - $ 133,743 $ 133,743 Foreign currency adjustment (1) - (604) (604) Balance as of September 30, 2023 $ - $ 133,139 $ 133,139 (1) The foreign on the carrying value. |
Carrying Value And Accumulated Amortization Of Intangible Assets | As of September 30, 2023 As of June 30, 2023 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships $ 24,865 $ (12,005) $ 12,860 $ 24,978 $ (11,565) $ 13,413 Software, integrated platform and unpatented technology 110,535 (16,419) 94,116 110,906 (13,711) 97,195 FTS patent 2,025 (2,025) - 2,034 (2,034) - Brands and trademarks 13,789 (3,170) 10,619 13,852 (2,863) 10,989 Total finite-lived assets $ 151,214 $ (33,619) $ 117,595 $ 151,770 $ (30,173) $ 121,597 |
Future Estimated Annual Amortization Expense | Fiscal 2024 (three months ended September 30, 2023) $ 10,742 Fiscal 2025 14,327 Fiscal 2026 14,328 Fiscal 2027 14,274 Fiscal 2028 14,232 Thereafter 49,692 Total future $ 117,595 |
Assets And Policyholder Liabi_2
Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | |
Summary Of The Movement In Reinsurance Assets And Policyholder Liabilities Under Insurance Contracts | Reinsurance Assets (1) Insurance contracts (2) Balance as of June 30, 2023 $ 1,040 $ (1,600) Increase in policy holder benefits under insurance contracts 378 (1,952) Claims and decrease in policyholders’ benefits under insurance contracts (136) 1,671 Foreign currency adjustment (3) (8) 10 Balance as of September 30, 2023 $ 1,274 $ (1,871) (1) Included in other long-term assets (refer to Note 5); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. |
Summary Of Movement In Assets And Policyholder Liabilities Under Investment Contracts | Assets (1) Investment contracts (2) Balance as of June 30, 2023 $ 257 $ (241) Increase in policy holder benefits under investment contracts 3 (3) Foreign currency adjustment (3) (9) 1 Balance as of September 30, 2023 $ 251 $ (243) (1) Included in other long-term assets (refer to Note 5); (2) Included in other long-term liabilities; (3) Represents the effects of the fluctuations of the ZAR against the U.S. dollar. |
Borrowings (Tables)
Borrowings (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Borrowings [Abstract] | |
Summary Of Short-Term Credit Facilities | RMB RMB RMB Nedbank Facility E Indirect Connect Facilities Total Short-term facilities available as of September 30, 2023 $ 73,982 $ 7,134 $ 10,833 $ 8,273 $ 100,222 Overdraft - - 10,833 - 10,833 Overdraft restricted as to use for ATM 73,982 - - - 73,982 Indirect and derivative facilities - 7,134 - 8,273 15,407 Movement in utilized overdraft facilities: Restricted as to use for ATM 23,021 - - - 23,021 No restrictions as to use - - 9,025 - 9,025 Balance as of June 30, 2023 23,021 - 9,025 - 32,046 Utilized 59,574 - - - 59,574 Repaid (62,793) - - - (62,793) Foreign currency adjustment (1) (48) - (42) - (90) Balance as of September 30, 2023 19,754 - 8,983 - 28,737 Restricted as to use for ATM 19,754 - - - 19,754 No restrictions as to use $ - $ - $ 8,983 $ - $ 8,983 Interest rate as of September 30, 2023 (%) (2) 11.75 - 11.65 - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2023 $ - $ 1,757 $ - $ 112 $ 1,869 Foreign currency adjustment (1) - (8) - - (8) Balance as of September 30, 2023 $ - $ 1,749 $ - $ 112 $ 1,861 (1) Represents the effects of the fluctuations between the (2) Facility E interest set at prime and the Connect facility at prime less 0.10 %. |
Summary Of Long-Term Borrowings | Facilities G & H A&B CCC Asset backed Total Included in current $ - $ - $ - $ 3,663 $ 3,663 Included in long-term 48,965 64,436 11,802 4,252 129,455 Opening balance as of June 30, 2023 48,965 64,436 11,802 7,915 133,118 Facilities utilized 1,372 - - 1,099 2,471 Facilities repaid (797) - (904) (928) (2,629) Non-refundable fees paid - - - - - Non-refundable fees amortized 202 12 13 - 227 Capitalized interest 1,756 - - - 1,756 Capitalized interest repaid (58) - - - (58) Foreign currency adjustment (1) (297) (293) (50) (28) (668) Closing balance as of September 30, 2023 51,143 64,155 10,861 8,058 134,217 Included in current - - - 3,630 3,630 Included in long-term 51,143 64,155 10,861 4,428 130,587 Unamortized fees (397) (210) (53) - (660) Due within 2 years - - - 3,179 3,179 Due within 3 years 51,540 4,954 10,914 1,142 68,550 Due within 4 years - 7,596 - 104 7,700 Due within 5 years $ - $ 51,815 $ - $ 3 $ 51,818 Interest rates as of September 30, 2023 (%): 13.83 12.08 12.70 12.50 Base rate (%) 8.33 8.33 11.75 11.75 Margin (%) 5.50 3.75 0.95 0.75 Footnote number (2) (3) (4) (5) (1) Represents the effects of the fluctuations between the ZAR and the (2) Interest on Facility G from January 1, 2023: 5.50 % for as long as 800 4.25 % if the aggregate balance under the Facilities is equal to or less than ZAR 800 350 2.50 % if the aggregate balance under the Facilities is less than ZAR 350 (3) Interest on Facility A and Facility B is calculated based on JIBAR plus a margin, 3.75 %, in effect from time to time. (4) Interest is charged at prime plus 0.95 % per annum on the utilized balance. (5) Interest is charged at prime plus 0.75 % per annum on the utilized balance. |
Other Payables (Tables)
Other Payables (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Other Payables [Abstract] | |
Schedule Of Other Payables | September 30, June 30, 2023 2023 Accruals $ 6,619 $ 7,078 Provisions 3,282 7,429 Value 983 1,247 Payroll-related payables 2,125 1,038 Participating merchants' settlement obligation 39 39 Other 22,057 19,466 $ 35,105 $ 36,297 |
Common Stock (Tables)
Common Stock (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Capital Structure [Abstract] | |
Schedule Of Number Of Shares, Net Of Treasury | September 30, September 30, 2023 2022 Number of shares, net of treasury: Statement of changes in equity 63,638,912 62,522,384 Non-vested equity shares that have not vested as of end of period 2,527,492 2,518,546 Number of shares, net of treasury, vested 61,111,420 60,003,838 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive (Loss) Income (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Accumulated Other Comprehensive Loss [Abstract] | |
Change In Accumulated Other Comprehensive (Loss) Income Per Component | Three months ended September 30, 2023 Accumulated foreign currency translation reserve Total Balance as of July 1, 2023 $ (195,726) $ (195,726) Movement in foreign currency translation reserve related to equity-accounted investment 489 489 Movement in foreign currency translation reserve (844) (844) Balance as of September 30, 2023 $ (196,081) $ (196,081) Three months ended September 30, 2022 Accumulated foreign currency translation reserve Total Balance as of July 1, 2022 $ (168,840) $ (168,840) Release of foreign currency translation reserve related to disposal of Finbond securities 2 2 Movement in foreign currency translation reserve related to equity-accounted investment 2,441 2,441 Movement in foreign currency translation reserve (22,093) (22,093) Balance as of September 30, 2022 $ (188,490) $ (188,490) |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Stock-Based Compensation [Abstract] | |
Summarized Stock Option Activity | Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($'000) Weighted average grant date fair value ($) Outstanding - June 30, 2023 673,274 4.37 5.14 239 1.67 Exercised (6,793) 3.07 - 5 - Forfeited (175,776) 3.58 - - 1.22 Outstanding - September 30, 2023 490,705 4.68 6.30 199 1.82 Outstanding - June 30, 2022 926,225 4.14 6.60 1,249 1.60 Exercised (2,000) 3.07 - 1 - Forfeited - - - - - Outstanding - September 30, 2022 924,225 4.14 6.36 226 1.60 Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Vested 490,705 4.68 6.30 199 Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Exercisable - September 30, 2023 341,317 5.05 5.77 121 |
Restricted Stock Activity | Number of shares of restricted stock Weighted average grant date fair value ($’000) Non-vested – June 30, 2023 2,614,419 11,869 Total vested (78,800) 302 Forfeitures (8,127) 32 Non-vested – September 30, 2023 2,527,492 11,475 Non-vested – June 30, 2022 2,385,267 11,879 Total Granted 212,080 1,167 Granted – July 2021 32,582 172 Granted – August 2021 179,498 995 Total vested (78,801) 410 Vested (78,801) 410 Non-vested – September 30, 2022 2,518,546 12,568 |
Recorded Net Stock Compensation Charge | Total Allocated to cost of goods sold, IT processing, servicing and support Allocated to selling, general and administration Three months ended September 30, 2023 Stock-based compensation charge $ 1,768 $ - $ 1,768 Reversal of stock compensation charge related to stock options and restricted stock forfeited (9) - (9) Total - three months $ 1,759 $ - $ 1,759 Three months ended September 30, 2022 Stock-based compensation charge $ 1,462 $ - $ 1,462 Total - three months $ 1,462 $ - $ 1,462 |
(Loss) Earnings Per Share (Tabl
(Loss) Earnings Per Share (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
(Loss) Earnings Per Share [Abstract] | |
Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations | Three months ended September 30, 2023 2022 (in thousands except percent and per share data) Numerator: Net loss attributable to Lesaka $ (5,651) $ (10,696) Undistributed (loss) earnings $ (5,651) $ (10,696) Percent allocated to common shareholders (Calculation 1) 96 96 Numerator for (loss) earnings per share: basic and diluted (5,402) (10,277) Continuing (5,402) (10,277) Denominator Denominator for basic (loss) earnings per share: Weighted-average 60,990 59,996 Denominator for diluted (loss) earnings per share: adjusted weighted common shares outstanding and assuming conversion 60,990 59,996 (Loss) Earnings per share: Basic $ (0.09) $ (0.17) Diluted $ (0.09) $ (0.17) (Calculation 1) Basic weighted-average common shares outstanding (A) 60,990 59,996 Basic weighted-average common shares outstanding and unvested restricted expected to vest (B) 63,805 62,445 Percent allocated to common shareholders 96 96 |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Supplemental Cash Flow Information [Abstract] | |
Schedule Of Supplemental Cash Flow Disclosures | Three months ended September 30, 2023 2022 Cash received from interest $ 445 $ 409 Cash paid for interest $ 2,925 $ 4,011 Cash paid for income taxes $ 604 $ 677 |
Supplemental Cash Flow Disclosure Related To Leases | Three months ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 693 $ 805 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 1,543 $ 61 |
Revenue Recognition (Tables)
Revenue Recognition (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Revenue Recognition [Abstract] | |
Revenue Disaggregated By Major Revenue Streams | Merchant Consumer Total Processing fees $ 28,760 $ 5,733 $ 34,493 South Africa 27,400 5,733 33,133 Rest of world 1,360 - 1,360 Technology 2,037 19 2,056 South Africa 1,986 19 2,005 Rest of world 51 - 51 Telecom products 87,313 41 87,354 South Africa 82,559 41 82,600 Rest of world 4,754 - 4,754 Lending revenue - 5,373 5,373 Interest from customers 1,520 - 1,520 Insurance revenue - 2,611 2,611 Account holder fees - 1,368 1,368 Other 879 435 1,314 South Africa 830 435 1,265 Rest of world 49 - 49 Total revenue, derived 120,509 15,580 136,089 South Africa 114,295 15,580 129,875 Rest of world $ 6,214 $ - $ 6,214 Merchant Consumer Total Processing fees $ 27,297 $ 6,535 $ 33,832 South Africa 26,028 6,535 32,563 Rest of world 1,269 - 1,269 Technology 3,897 37 3,934 South Africa 3,830 37 3,867 Rest of world 67 - 67 Telecom products 76,120 - 76,120 South Africa 72,029 - 72,029 Rest of world 4,091 - 4,091 Lending revenue - 4,711 4,711 Interest from customers 1,223 - 1,223 Insurance revenue - 2,181 2,181 Account holder fees - 1,411 1,411 Other 1,245 129 1,374 South Africa 1,201 129 1,330 Rest of world 44 - 44 Total revenue, derived 109,782 15,004 124,786 South Africa 104,311 15,004 119,315 Rest of world $ 5,471 $ - $ 5,471 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Leases [Abstract] | |
Supplemental Balance Sheet Disclosure Related To Right-of-use Assets And Operating Leases Liabilities | September 30, June 30, 2023 2023 Right of use assets obtained in exchange for lease obligations: Weighted average 3.71 1.77 Weighted average 10.1 9.7 |
Future Minimum Payments Under Operating Leases | Maturities of operating lease liabilities Year 2024 (excluding three months to September 30, 2023) $ 1,699 2025 1,638 2026 1,305 2027 1,239 2028 1,159 Thereafter 120 Total undiscounted 7,160 Less imputed interest 1,357 Total operating lease liabilities, 5,803 Operating lease liability - current 1,722 Operating lease liability - long-term $ 4,081 |
Operating Segments (Tables)
Operating Segments (Tables) | 3 Months Ended |
Sep. 30, 2023 | |
Operating Segments [Abstract] | |
Reconciliation Of Reportable Segments Revenue | Revenue Reportable Segment Inter- segment From external customers Merchant $ 121,361 $ 852 $ 120,509 Consumer 15,580 - 15,580 Total for the three $ 136,941 $ 852 $ 136,089 Merchant $ 109,782 $ - $ 109,782 Consumer 15,004 - 15,004 Total for the three $ 124,786 $ - $ 124,786 |
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income | Three months ended September 30, 2023 2022 Reportable segments measure of profit or loss $ 10,541 $ 6,499 Operating loss: Group costs (1,822) (2,300) Once-off costs (78) (598) Unrealized Loss FV for currency adjustments (102) - Lease adjustments (696) (812) Stock-based compensation charge adjustments (1,759) (1,462) Depreciation and amortization (5,856) (5,998) Reversal of allowance of EMI doubtful debt 250 - Gain on disposal of equity-accounted investments - 248 Interest income 449 411 Interest expense (4,909) (4,036) Loss before income tax expense $ (3,982) $ (8,048) |
Summary Of Segment Information | Three months ended September 30, 2023 2022 Revenues Merchant $ 121,361 $ 109,782 Consumer 15,580 15,004 Total reportable segment 136,941 124,786 Segment Adjusted EBITDA Merchant (1) 8,061 7,893 Consumer (1) 2,480 (1,394) Total Segment Adjusted 10,541 6,499 Depreciation and amortization Merchant 2,078 1,825 Consumer 169 245 Subtotal: Operating segments 2,247 2,070 Group costs 3,609 3,928 Total 5,856 5,998 Expenditures for long-lived assets Merchant 2,763 3,873 Consumer 46 628 Subtotal: Operating segments 2,809 4,501 Group costs - - Total $ 2,809 $ 4,501 (1) 0.2 4.6 includes retrenchment costs of $ 0.1 1.5 |
Accounts Receivable, Net And _3
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Narrative) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | |||
Oct. 31, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 5) | $ 0 | $ 253,000 | |||
Remaining receivable amount | 27,939,000 | $ 25,665,000 | |||
Accounts receivable, trade, gross | 10,401,000 | 11,546,000 | |||
Interest income | 449,000 | 411,000 | |||
Other receivables | 17,458,000 | 14,628,000 | |||
Allowance For Loan And Lease Loss Recovery Of Bad Debts | $ 250,000 | 0 | |||
Investment In Cedar Cellular Investment One [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Equity ownership percentage | 7.625% | ||||
Investment In Cedar Cellular Investment One [Member] | Notes8.625 Percent [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Debt instrument stated interest rate | 8.625% | ||||
Trade Accounts Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Remaining receivable amount | $ 27,939,000 | 25,665,000 | |||
Other receivables | $ 17,458,000 | 14,628,000 | |||
Microlending Finance [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Performing component of book exceeds more than benchmark, percent | 99% | ||||
Term of operated lending book | 5 years | ||||
Loans to customer tenor term | 6 months | ||||
Receivable, lifetime loss rate | 6.50% | ||||
Carbon Loan [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 5) | $ 750,000 | ||||
Accounts receivable, trade, gross | 3,000,000 | ||||
Carrying value of investment in a note | 250,000 | ||||
Loan receivable allowance | $ 750,000 | $ 750,000 | 250,000 | ||
Carbon Loan [Member] | Subsequent Event [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 5) | $ 250,000 | ||||
Notes Receivable One [Member] | Investment In Cedar Cellular Investment One [Member] | Cedar Cellular Investment1 Ltd [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Carrying value of investment in a note | $ 0 | $ 0 | |||
Merchant Finance Loans [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Term of operated lending book | 2 years | ||||
Receivable, lifetime loss rate | 1.18% | ||||
Performing component percent of outstanding lending book | 84% | ||||
Under-performing component percent of outstanding lending book | 11% | ||||
Non-performing component percent of outstanding lending book | 5% | ||||
Merchant Finance Loans [Member] | Maximum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans to customer tenor term | 12 months | ||||
Merchant Finance Loans [Member] | Minimum [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans to customer tenor term | 7 months |
Accounts Receivable, Net And _4
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Schedule Of Accounts Receivable, Net And Other Receivables) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Jun. 30, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, trade, net | $ 10,231 | $ 11,037 |
Accounts receivable, trade, gross | 10,401 | 11,546 |
Allowance for doubtful accounts receivable, end of period | 170 | 509 |
Beginning of period | 509 | 509 |
Other receivables | 17,458 | 14,628 |
Total accounts receivable, net | $ 27,939 | $ 25,665 |
Notes8.625 Percent [Member] | Investment In Cedar Cellular Investment One [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest rate | 8.625% | 8.625% |
Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Reallocation to allowance for doubtful finance loans receivable | $ 0 | $ (418) |
Reversed to statement of operations | (235) | (31) |
Charged to statement of operations | 179 | 2,005 |
Utilized | (284) | (1,645) |
Foreign currency adjustment | 1 | 89 |
Other receivables | 17,458 | 14,628 |
Total accounts receivable, net | 27,939 | 25,665 |
Accounts Receivable [Member] | Held To Maturity Investments [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total accounts receivable, net | 0 | 0 |
Accounts Receivable [Member] | Investment In Cedar Cellular Investment One [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, trade, gross | 0 | 0 |
Carbon [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loan receivable allowance | 750 | 750 |
Carbon [Member] | Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total accounts receivable, net | $ 250 | $ 0 |
Cedar Cellular Investment1 Ltd [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Equity ownership percentage | 7.625% | 7.625% |
Accounts Receivable, Net And _5
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Summary Of Contractual Maturity Of Investment) (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] | |
Due in one year or less | $ 0 |
Due in one year through five years | 0 |
Due in five years through ten years | 0 |
Due after ten years | 0 |
Total, Cost basis | 0 |
Due in one year or less, Estimated fair value | 0 |
Due in one year through five years, Estimated fair value | 0 |
Due in five years through ten years, Estimated fair value | 0 |
Due after ten years, Estimated fair value | 0 |
Total, Estimated fair value | $ 0 |
Accounts Receivable, Net And _6
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Schedule Of Finance Loans Receivable, Net) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2023 | Jun. 30, 2023 | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total finance loans receivable, net | $ 35,735 | $ 36,744 | [1] |
Total accounts receivable, net | 35,735 | 36,744 | |
Microlending Finance Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total finance loans receivable, net | 20,877 | 20,605 | |
Receivable, gross | 22,328 | 22,037 | |
Allowance for doubtful finance loans receivable, end of period | 1,451 | 1,432 | |
Beginning of period | 1,432 | 1,394 | |
Reversed to statement of operations | (27) | 0 | |
Charged to statement of operations | 416 | 1,452 | |
Utilized | (364) | (1,214) | |
Foreign currency adjustment | (6) | (200) | |
Merchant Finance Loans [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Total finance loans receivable, net | 14,858 | 16,139 | |
Receivable, gross | 17,800 | 18,289 | |
Allowance for doubtful finance loans receivable, end of period | 2,942 | 2,150 | |
Beginning of period | 2,150 | 297 | |
Reallocation to allowance for doubtful finance loans receivable | 0 | 418 | |
Reversed to statement of operations | (202) | (1,268) | |
Charged to statement of operations | 1,394 | 3,068 | |
Utilized | (376) | 0 | |
Foreign currency adjustment | $ (24) | $ (365) | |
[1] (A) – Derived from audited financial statements |
Inventory (Narrative) (Details)
Inventory (Narrative) (Details) $ in Thousands, R in Millions | 3 Months Ended | ||
Sep. 30, 2023 ZAR (R) | Sep. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | |
Inventory [Line Items] | |||
Finished goods | $ 24,882 | $ 24,488 | |
Airtime Inventory Subject To Sale Restrictions [Member] | |||
Inventory [Line Items] | |||
Finished goods | $ 8,500 | $ 8,600 | |
Amount per month of purchased inventory agreement | R | R 10 |
Inventory (Schedule Of Inventor
Inventory (Schedule Of Inventory) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | |
Inventory [Abstract] | |||
Raw materials | $ 2,642 | $ 2,819 | |
Work in progress | 230 | 30 | |
Finished goods | 24,882 | 24,488 | |
Inventory | $ 27,754 | $ 27,337 | [1] |
[1] (A) – Derived from audited financial statements |
Fair Value Of Financial Instr_3
Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | |
Derivatives, Fair Value [Line Items] | |||
Transfers into or out of Level 3 | $ 0 | $ 0 | |
Accreted interest | 1,756,000 | ||
Change in fair value | 0 | $ 0 | |
Nonrecurring [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Liabilities measured at fair value | 0 | ||
Foreign Exchange Contracts [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Notional amount | 0 | $ 0 | |
Cell C [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment amount owned | $ 0 | $ 0 | |
Equity method investment, percentage of ownership interest | 0% | ||
Cell C [Member] | Marketability Discount [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment fair value measurement inputs | 20% | 20% | |
Cell C [Member] | Minority Discount [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment fair value measurement inputs | 24% | 24% | |
Cell C [Member] | Class A [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment shares owned | 75,000,000 | ||
Cell C [Member] | Class A [Member] | Marketability Discount [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment fair value measurement inputs | 20% | 10% | |
Cell C [Member] | Class A [Member] | Minority Discount [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment fair value measurement inputs | 24% | 15% | |
Cell C [Member] | Class A [Member] | Shareholding Percentage [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Investment fair value measurement inputs | 5% | 15% | |
Cell C [Member] | |||
Derivatives, Fair Value [Line Items] | |||
Increase decrease in weighted average cost of capital | 1% |
Fair Value Of Financial Instr_4
Fair Value Of Financial Instruments (Schedule Of Key Valuation Inputs Used To Measure Fair Value Of Investment In Cell C) (Details) - Cell C [Member] R in Billions, $ in Billions | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | Sep. 30, 2023 ZAR (R) | Jun. 30, 2023 ZAR (R) | |
Net adjusted external debt | $ 0.4 | $ 0.4 | R 8 | R 8.1 |
Weighted Average Cost of Capital (WACC) Rate [Member] | Minimum [Member] | ||||
Investment fair value measurement inputs | 20% | |||
Weighted Average Cost of Capital (WACC) Rate [Member] | Maximum [Member] | ||||
Investment fair value measurement inputs | 31% | |||
Long Term Growth Rate [Member] | ||||
Investment fair value measurement inputs | 4.50% | 4.50% | ||
Marketability Discount [Member] | ||||
Investment fair value measurement inputs | 20% | 20% | ||
Minority Discount [Member] | ||||
Investment fair value measurement inputs | 24% | 24% |
Fair Value Of Financial Instr_5
Fair Value Of Financial Instruments (Schedule Of Impact On Carrying Value Of Cell C Investment) (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
1.0% Increase [Member] | Weighted Average Cost of Capital (WACC) Rate [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Sensitivity for fair value of Cell C investment | $ 0 |
1.0% Increase [Member] | EBITDA Multiple [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Sensitivity for fair value of Cell C investment | 1,954 |
1.0% Decrease [Member] | Weighted Average Cost of Capital (WACC) Rate [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Sensitivity for fair value of Cell C investment | 621 |
1.0% Decrease [Member] | EBITDA Multiple [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Sensitivity for fair value of Cell C investment | $ 0 |
Fair Value Of Financial Instr_6
Fair Value Of Financial Instruments (Fair Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - Recurring [Member] - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment | $ 0 | $ 0 | ||
Cash, cash equivalents and restricted cash (included in other long-term assets) | 251 | 258 | ||
Fixed maturity investments (included in cash and cash equivalents) | 3,661 | 3,119 | ||
Total assets at fair value | 3,912 | 3,377 | ||
Quoted Price In Active Markets For Identical Assets (Level 1) [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment | 0 | 0 | ||
Cash, cash equivalents and restricted cash (included in other long-term assets) | 251 | 258 | ||
Fixed maturity investments (included in cash and cash equivalents) | 3,661 | 3,119 | ||
Total assets at fair value | 3,912 | 3,377 | ||
Significant Other Observable Inputs (Level 2) [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment | 0 | 0 | ||
Cash, cash equivalents and restricted cash (included in other long-term assets) | 0 | 0 | ||
Fixed maturity investments (included in cash and cash equivalents) | 0 | 0 | ||
Total assets at fair value | 0 | 0 | ||
Significant Unobservable Inputs (Level 3) [Member] | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||
Investment | 0 | 0 | ||
Cash, cash equivalents and restricted cash (included in other long-term assets) | 0 | 0 | ||
Fixed maturity investments (included in cash and cash equivalents) | 0 | 0 | ||
Total assets at fair value | $ 0 | $ 0 | $ 0 | $ 0 |
Fair Value Of Financial Instr_7
Fair Value Of Financial Instruments (Carrying Value Of Assets And Liabilities Measured On Recurring Basis) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Liabilities | ||
Foreign currency adjustment | $ 34 | $ (63) |
Recurring [Member] | ||
Assets | ||
Beginning balance, Carrying value | 3,377 | |
Ending balance, Carrying value | 3,912 | |
Significant Unobservable Inputs (Level 3) [Member] | Recurring [Member] | ||
Assets | ||
Beginning balance, Carrying value | 0 | 0 |
Foreign currency adjustment | 0 | 0 |
Ending balance, Carrying value | $ 0 | $ 0 |
Equity-Accounted Investments _3
Equity-Accounted Investments And Other Long-Term Assets (Narrative) (Details) R / shares in Units, R in Millions | 3 Months Ended | 12 Months Ended | |||||||
Aug. 10, 2023 USD ($) | Aug. 10, 2023 ZAR (R) R / shares | Sep. 30, 2023 USD ($) shares | Sep. 30, 2022 USD ($) shares | Jun. 30, 2022 USD ($) | Sep. 30, 2023 ZAR (R) R / shares shares | Jun. 30, 2023 USD ($) | Sep. 30, 2022 R / shares | ||
Market value of holding | $ 2,253,000 | $ 3,171,000 | [1] | ||||||
Cash payment for repurchase of common stock | 0 | $ 185,000 | |||||||
Allowance for doubtful loans receivable | 170,000 | $ 509,000 | $ 509,000 | ||||||
Equity Method Investment Realized Gain Loss On Disposal | 0 | $ 248,000 | |||||||
Carbon Tech Limited [Member] | |||||||||
Allowance for doubtful loans receivable | $ 1,000,000 | ||||||||
Equity Method Investment Realized Gain Loss On Disposal | $ 250,000 | ||||||||
Finbond [Member] | |||||||||
Equity-accounted investments, ownership percentage | 27.80% | 27.80% | 27.80% | ||||||
Investment shares owned | shares | 220,523,358 | 220,523,358 | |||||||
Number of shares sold | shares | 81,935 | ||||||||
Cash consideration received on transaction | $ 3,400,000 | R 64.2 | |||||||
Impairment loss on equity method investment | $ 1,200,000 | $ 1,100,000 | |||||||
Market value of holding | $ 4,800,000 | R 90.4 | |||||||
Share price per share | R / shares | R 0.2911 | R 0.41 | R 0.49 | ||||||
Liquidity discount | 25% | 15% | |||||||
Percentage of issued and outstanding shares owned by three shareholders | 80% | ||||||||
Sale price per share | R / shares | R 0.2911 | ||||||||
Equity Method Investment Realized Gain Loss On Disposal | $ 2,000 | ||||||||
Cell C [Member] | |||||||||
Equity-accounted investments, ownership percentage | 5% | 5% | 5% | ||||||
Investment amount owned | $ 0 | $ 0 | |||||||
Cell C [Member] | Class A [Member] | |||||||||
Investment shares owned | shares | 75,000,000 | 75,000,000 | |||||||
CPS [Member] | |||||||||
Equity-accounted investments, ownership percentage | 87.50% | 87.50% | 87.50% | ||||||
Cedar Cellular [Member] | |||||||||
Equity-accounted investments, ownership percentage | 7.625% | 7.625% | 7.625% | ||||||
Mobikwik [Member] | |||||||||
Equity-accounted investments, ownership percentage | 10% | 10% | 10% | ||||||
Carbon [Member] | |||||||||
Investment amount owned | $ 0 | ||||||||
Cash consideration received on transaction | $ 500,000 | ||||||||
Percentage of retained equity ownership interest disposed | 25% | ||||||||
Amount received at closing from interest sold | $ 250,000 | ||||||||
Sale of interest, amount owned in twelve months | 250,000 | ||||||||
Sale of interest, remaining amount | $ 750,000 | ||||||||
Carbon [Member] | Carbon Tech Limited [Member] | |||||||||
Investment amount owned | $ 0 | ||||||||
Carbon [Member] | Loan [Member] | |||||||||
Notes payable amount | $ 750,000 | ||||||||
Debt, face value | $ 3,000,000 | ||||||||
[1] (A) – Derived from audited financial statements |
Equity-Accounted Investments _4
Equity-Accounted Investments And Other Long-Term Assets (Ownership Percentage Of Equity-Accounted Investments) (Details) | Sep. 30, 2023 | Jun. 30, 2023 |
Finbond Group Limited [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 27.80% | 27.80% |
Sanduela Technology Proprietary Limited [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 49% | 49% |
Smartswitch Namibia Pty Ltd [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 50% | 50% |
Equity-Accounted Investments _5
Equity-Accounted Investments And Other Long-Term Assets (Schedule Of Calculation Of Gain (Loss) On Disposal) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Long Lived Assets Held For Sale Line Items [Line Items] | ||
Less: release of foreign currency translation reserve from accumulated other comprehensive loss | $ 0 | $ (2) |
Gain on disposal of equity-accounted investments | $ 0 | 248 |
Finbond Group Limited [Member] | ||
Long Lived Assets Held For Sale Line Items [Line Items] | ||
Consideration received in cash | 3 | |
Less: equity-method interest sold (Note 10) | (3) | |
Less: release of foreign currency translation reserve from accumulated other comprehensive loss | (2) | |
Add: release of stock-based compensation charge related to equity-accounted investment | 0 | |
Gain (Loss) on sale | (2) | |
Carbon [Member] | ||
Long Lived Assets Held For Sale Line Items [Line Items] | ||
Consideration received in cash | 250 | |
Less: equity-method interest sold (Note 10) | 0 | |
Gain (Loss) on sale | $ 250 |
Equity-Accounted Investments _6
Equity-Accounted Investments And Other Long-Term Assets (Summary Of Movement In Equity-Accounted Investments) (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | |||
Schedule of Equity Method Investments [Line Items] | ||||
Balance | $ 179,478 | [1] | $ 234,920 | |
Net (loss) income | (5,651) | (10,696) | ||
Balance | 175,266 | 205,863 | ||
Balance at beginning of period | [1] | 283,327 | ||
Loans granted | 0 | $ (112) | ||
Balance at end of period | 292,077 | |||
Equity-accounted Investees [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Impairment | (1,167) | |||
Finbond [Member] | Equity-accounted Investees [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Impairment | (1,167) | |||
Other [Member] | Equity-accounted Investees [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Impairment | 0 | |||
Equity-accounted Investees [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Balance | 3,171 | |||
Stock-based compensation | 14 | |||
Comprehensive (loss) income | (916) | |||
Other comprehensive income | 489 | |||
Net (loss) income | (1,405) | |||
Share of net income (loss) (Note 1) | (238) | |||
Foreign currency adjustment | (16) | |||
Balance | 2,253 | |||
Equity-accounted Investees [Member] | Finbond [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Balance | 3,040 | |||
Stock-based compensation | 14 | |||
Comprehensive (loss) income | (956) | |||
Other comprehensive income | 489 | |||
Net (loss) income | (1,445) | |||
Share of net income (loss) (Note 1) | (278) | |||
Foreign currency adjustment | (14) | |||
Balance | 2,084 | |||
Equity-accounted Investees [Member] | Other [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Balance | 131 | |||
Stock-based compensation | 0 | |||
Comprehensive (loss) income | 40 | |||
Other comprehensive income | 0 | |||
Net (loss) income | 40 | |||
Share of net income (loss) (Note 1) | 40 | |||
Foreign currency adjustment | (2) | |||
Balance | $ 169 | |||
[1] (A) – Derived from audited financial statements |
Equity-Accounted Investments _7
Equity-Accounted Investments And Other Long-Term Assets (Summary Of Other Long-Term Asset) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | |
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 76,297 | $ 76,297 | |
Policy holder assets under investment contracts (Note 7) | 251 | 257 | |
Reinsurance assets under insurance contracts (Note 7) | 1,274 | 1,040 | |
Total other long-term assets | 77,822 | 77,594 | [1] |
Mobikwik [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 76,297 | $ 76,297 | |
Equity-accounted investments, ownership percentage | 10% | 10% | |
Cell C [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 0 | $ 0 | |
Equity-accounted investments, ownership percentage | 5% | 5% | |
CPS [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 0 | $ 0 | |
Equity-accounted investments, ownership percentage | 87.50% | 87.50% | |
[1] (A) – Derived from audited financial statements |
Equity-Accounted Investments _8
Equity-Accounted Investments And Other Long-Term Assets (Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 |
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | $ 26,993 | $ 26,993 |
Unrealized holding gains | 49,304 | 49,304 |
Unrealized holding losses | 0 | 0 |
Carrying value | 76,297 | 76,297 |
Mobikwik [Member] | ||
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | 26,993 | 26,993 |
Unrealized holding gains | 49,304 | 49,304 |
Unrealized holding losses | 0 | 0 |
Carrying value | 76,297 | 76,297 |
CPS [Member] | ||
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | 0 | 0 |
Unrealized holding gains | 0 | 0 |
Unrealized holding losses | 0 | 0 |
Carrying value | 0 | 0 |
Cedar Cellular [Member] | ||
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | 0 | 0 |
Unrealized holding gains | 0 | 0 |
Unrealized holding losses | 0 | 0 |
Carrying value | $ 0 | $ 0 |
Goodwill And Intangible Asset_3
Goodwill And Intangible Assets, Net (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Goodwill and Intangible Assets [Line Items] | ||
Amortization expense | $ 3.6 | $ 4 |
Goodwill And Intangible Asset_4
Goodwill And Intangible Assets, Net (Summary Of Movement In Carrying Value Of Goodwill) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2023 | Jun. 30, 2023 | [1] | |
Gross value, Beginning Balance | $ 152,619 | ||
Gross value, Foreign currency adjustment | (664) | ||
Gross value, Ending Balance | 151,955 | ||
Accumulated impairment, Beginning Balance | (18,876) | ||
Accumulated impairment, Foreign currency adjustment | (60) | ||
Accumulated impairment, Ending Balance | (18,816) | ||
Carrying value, Foreign currency adjustment | (604) | ||
Carrying value, Ending Balance | $ 133,139 | $ 133,743 | |
[1] (A) – Derived from audited financial statements |
Goodwill And Intangible Asset_5
Goodwill And Intangible Assets, Net (Goodwill Allocated To Reportable Segments) (Details) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 USD ($) | ||
Goodwill [Line Items] | ||
Carrying value, Beginning Balance | $ 133,743 | [1] |
Carrying value, Foreign currency adjustment | (604) | |
Carrying value, Ending Balance | 133,139 | |
Consumer [Member] | ||
Goodwill [Line Items] | ||
Carrying value, Beginning Balance | 0 | |
Carrying value, Foreign currency adjustment | 0 | |
Carrying value, Ending Balance | 0 | |
Merchant [Member] | ||
Goodwill [Line Items] | ||
Carrying value, Beginning Balance | 133,743 | |
Carrying value, Foreign currency adjustment | (604) | |
Carrying value, Ending Balance | $ 133,139 | |
[1] (A) – Derived from audited financial statements |
Goodwill And Intangible Asset_6
Goodwill And Intangible Assets, Net (Carrying Value And Accumulated Amortization Of Intangible Assets) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | |
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible assets, Gross carrying value | $ 151,214 | $ 151,770 | |
Accumulated amortization | (33,619) | (30,173) | |
Total future estimated amortization expense | 117,595 | 121,597 | |
Total intangible assets, Net carrying value | 117,595 | 121,597 | [1] |
Customer Relationships [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible assets, Gross carrying value | 24,865 | 24,978 | |
Accumulated amortization | (12,005) | (11,565) | |
Total future estimated amortization expense | 12,860 | 13,413 | |
Software, Integrated Platform And Unpatented Technology [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible assets, Gross carrying value | 110,535 | 110,906 | |
Accumulated amortization | (16,419) | (13,711) | |
Total future estimated amortization expense | 94,116 | 97,195 | |
FTS Patent [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible assets, Gross carrying value | 2,025 | 2,034 | |
Accumulated amortization | (2,025) | (2,034) | |
Total future estimated amortization expense | 0 | 0 | |
Brands And Trademarks [Member] | |||
Finite-Lived Intangible Assets [Line Items] | |||
Finite-lived intangible assets, Gross carrying value | 13,789 | 13,852 | |
Accumulated amortization | (3,170) | (2,863) | |
Total future estimated amortization expense | $ 10,619 | $ 10,989 | |
[1] (A) – Derived from audited financial statements |
Goodwill And Intangible Asset_7
Goodwill And Intangible Assets, Net (Future Estimated Annual Amortization Expense) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 |
Goodwill And Intangible Assets, Net [Abstract] | ||
Fiscal 2024 (three months ended September 30, 2023) | $ 10,742 | |
Fiscal 2025 | 14,327 | |
Fiscal 2026 | 14,328 | |
Fiscal 2027 | 14,274 | |
Fiscal 2028 | 14,232 | |
Thereafter | 49,692 | |
Total future estimated amortization expense | $ 117,595 | $ 121,597 |
Assets And Policyholder Liabi_3
Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Summary Of The Movement In Reinsurance Assets And Policyholder Liabilities Under Insurance Contracts) (Details) $ in Thousands | 3 Months Ended |
Sep. 30, 2023 USD ($) | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | |
Reinsurance assets, Beginning Balance | $ 1,040 |
Reinsurance assets, Increase in policyholder benefits under insurance contracts | 378 |
Reinsurance assets, Claims and policyholders' benefits under insurance contracts | (136) |
Reinsurance assets, Foreign currency adjustment | (8) |
Reinsurance assets, Ending Balance | 1,274 |
Insurance contracts, Beginning Balance | (1,600) |
Insurance contracts, Increase in policyholder benefits under insurance contracts | (1,952) |
Insurance contracts, Claims and policyholders' benefits under insurance contracts | 1,671 |
Insurance contracts, Foreign currency adjustment | 10 |
Insurance contracts, Ending Balance | $ (1,871) |
Assets And Policyholder Liabi_4
Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Summary Of Movement In Assets And Policyholder Liabilities Under Investment Contracts) (Details) $ in Thousands | 3 Months Ended |
Sep. 30, 2023 USD ($) | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | |
Assets, Beginning Balance | $ 257 |
Assets, Increase in policyholder benefits under investment contracts | 3 |
Assets, Foreign currency adjustment | (9) |
Assets, Ending Balance | 251 |
Investment contracts, Beginning Balance | (241) |
Investment contracts, Increase in policy holder benefits under investment contracts | (3) |
Investment contracts, Foreign currency adjustment | 1 |
Investment contracts, Ending Balance | $ (243) |
Borrowings (Narrative) (Details
Borrowings (Narrative) (Details) $ in Thousands, R in Millions | 3 Months Ended | ||||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 ZAR (R) | Jun. 30, 2023 USD ($) | Jun. 30, 2023 ZAR (R) | |
Maximum borrowing capacity | $ | $ 100,222 | ||||
Facility A [Member] | |||||
Maximum borrowing capacity | R 700 | ||||
Line Of Credit | 700 | ||||
Revolving Credit Facility [Member] | |||||
Interest expense incurred | $ | 400 | $ 200 | |||
Facility G [Member] | |||||
Maximum borrowing capacity | 200 | ||||
Line Of Credit | 500 | 10 | |||
Facility B [Member] | |||||
Maximum borrowing capacity | 550 | ||||
Line Of Credit | 550 | ||||
Asset Backed Facility [Member] | |||||
Maximum borrowing capacity | 200 | ||||
Line Of Credit | 152.5 | ||||
Overdraft Facility [Member] | |||||
Maximum borrowing capacity | 205 | ||||
Line Of Credit | 170 | ||||
South Africa [Member] | Long-term Debt [Member] | |||||
Interest expense incurred | $ | 4,000 | 2,700 | |||
Prepaid credit facility fees | $ | 200 | $ 200 | |||
Overdraft Restricted As To Use For ATM Funding Only [Member] | |||||
Maximum borrowing capacity | $ | $ 73,982 | ||||
JIBAR [Member] | |||||
Debt instrument variable interest rate | 8.33% | ||||
JIBAR [Member] | Facility G [Member] | |||||
Debt instrument variable interest rate | 5.50% | ||||
Prime Rate [Member] | |||||
Debt instrument variable interest rate | 11.75% | ||||
Overdraft Facility [Member] | |||||
Maximum borrowing capacity | $ | $ 10,833 | ||||
Amount utilized | $ | 28,737 | $ 32,046 | |||
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | |||||
Amount utilized | $ | 19,754 | 23,021 | |||
Indirect And Derivative Facilities [Member] | |||||
Maximum borrowing capacity | $ | 15,407 | ||||
Amount utilized | $ | 1,861 | 1,869 | |||
Nedbank Limited [Member] | Indirect And Derivative Facilities [Member] | |||||
Maximum borrowing capacity | 8,300 | 156.6 | R 156.6 | ||
Line Of Credit | 100 | 2.1 | 100 | 2.1 | |
RMB Loan Facilities [Member] | South African Credit Facility [Member] | Facility E [Member] | |||||
Amount utilized | 74,000 | 1,400 | |||
RMB Loan Facilities [Member] | Overdraft Facility [Member] | Facility E [Member] | |||||
Line Of Credit | 19,800 | 400 | |||
RMB Loan Facilities [Member] | Indirect And Derivative Facilities [Member] | |||||
Maximum borrowing capacity | 7,100 | 135 | 135 | ||
Line Of Credit | $ 1,700 | 33.1 | $ 1,800 | R 33.1 | |
CCC Revolving Credit Facility [Member] | |||||
Maximum borrowing capacity | 300 | ||||
Line Of Credit | R 205.5 | ||||
CCC Revolving Credit Facility [Member] | Prime Rate [Member] | |||||
Debt instrument variable interest rate | 0.95% |
Borrowings (Summary Of Short-Te
Borrowings (Summary Of Short-Term Credit Facilities) (Details) $ in Thousands, R in Millions | 3 Months Ended | |||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 ZAR (R) | Jun. 30, 2023 ZAR (R) | |
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 100,222 | |||
Utilized | 59,574 | $ 146,068 | ||
Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 73,982 | |||
Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 10,833 | |||
Beginning Balance | 32,046 | |||
Utilized | 59,574 | |||
Repaid | (62,793) | |||
Foreign currency adjustment | (90) | |||
Ending Balance | 28,737 | |||
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 23,021 | |||
Ending Balance | 19,754 | |||
Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 9,025 | |||
Ending Balance | $ 8,983 | |||
Overdraft Facility [Member] | Nedbank Short-Term Credit Facility [Member] | Prime Rate [Member] | ||||
Short-term Debt [Line Items] | ||||
Interest rate | 0.10% | 0.10% | ||
Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 15,407 | |||
Beginning Balance | 1,869 | |||
Foreign currency adjustment | (8) | |||
Ending Balance | 1,861 | |||
Nedbank Limited [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 8,300 | R 156.6 | R 156.6 | |
RMB Facility E [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 73,982 | |||
Interest rate | 11.75% | 11.75% | ||
RMB Facility E [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 73,982 | |||
RMB Facility E [Member] | Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 23,021 | |||
Utilized | 59,574 | |||
Repaid | (62,793) | |||
Foreign currency adjustment | (48) | |||
Ending Balance | 19,754 | |||
RMB Facility E [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 23,021 | |||
Ending Balance | 19,754 | |||
RMB Facility E [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
RMB Facility E [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | |||
Foreign currency adjustment | 0 | |||
Ending Balance | 0 | |||
RMB Indirect [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 7,134 | |||
RMB Indirect [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
RMB Indirect [Member] | Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | |||
Utilized | 0 | |||
Repaid | 0 | |||
Foreign currency adjustment | 0 | |||
Ending Balance | 0 | |||
RMB Indirect [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
RMB Indirect [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
RMB Indirect [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 7,134 | |||
Beginning Balance | 1,757 | |||
Foreign currency adjustment | (8) | |||
Ending Balance | 1,749 | |||
RMB Connect [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 10,833 | |||
Interest rate | 11.65% | 11.65% | ||
RMB Connect [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 0 | |||
RMB Connect [Member] | Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 10,833 | |||
Beginning Balance | 9,025 | |||
Utilized | 0 | |||
Repaid | 0 | |||
Foreign currency adjustment | (42) | |||
Ending Balance | 8,983 | |||
RMB Connect [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
RMB Connect [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 9,025 | |||
Ending Balance | 8,983 | |||
RMB Connect [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | |||
Foreign currency adjustment | 0 | |||
Ending Balance | 0 | |||
Nedbank Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 8,273 | |||
Nedbank Facilities [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Nedbank Facilities [Member] | Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | |||
Utilized | 0 | |||
Repaid | 0 | |||
Foreign currency adjustment | 0 | |||
Ending Balance | 0 | |||
Nedbank Facilities [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
Nedbank Facilities [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | |||
Nedbank Facilities [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 8,273 | |||
Beginning Balance | 112 | |||
Foreign currency adjustment | 0 | |||
Ending Balance | $ 112 |
Borrowings (Summary Of Long-Ter
Borrowings (Summary Of Long-Term Borrowings) (Details) $ in Thousands, R in Millions | 3 Months Ended | ||||
Sep. 30, 2023 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2023 ZAR (R) | Jun. 30, 2023 USD ($) | ||
Debt Instrument [Line Items] | |||||
Included in current | $ 3,630 | $ 3,663 | [1] | ||
Long-term borrowings | 130,587 | 129,455 | [1] | ||
Beginning Balance | 133,118 | ||||
Facilities utilized | 2,471 | $ 1,059 | |||
Facilities repaid | (2,629) | $ (1,580) | |||
Non-refundable fees paid | 0 | ||||
Non-refundable Fees amortized | 227 | ||||
Capitalized interest | 1,756 | ||||
Capitalized interest repaid | (58) | ||||
Foreign currency adjustment | (668) | ||||
Ending Balance | 134,217 | ||||
Unamortized fees | (660) | ||||
Due within 2 years | 3,179 | ||||
Due within 3 years | 68,550 | ||||
Due within 4 years | 7,700 | ||||
Due within 5 years | $ 51,818 | ||||
JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 8.33% | ||||
Prime Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 11.75% | ||||
G & H Facilities [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 0 | 0 | |||
Long-term borrowings | 51,143 | 48,965 | |||
Beginning Balance | 48,965 | ||||
Facilities utilized | 1,372 | ||||
Facilities repaid | (797) | ||||
Non-refundable fees paid | 0 | ||||
Non-refundable Fees amortized | 202 | ||||
Capitalized interest | 1,756 | ||||
Capitalized interest repaid | (58) | ||||
Foreign currency adjustment | (297) | ||||
Ending Balance | 51,143 | ||||
Unamortized fees | (397) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 51,540 | ||||
Due within 4 years | 0 | ||||
Due within 5 years | $ 0 | ||||
Interest rates | 13.83% | 13.83% | |||
Base rate | 8.33% | 8.33% | |||
Debt instrument variable interest rate | 5.50% | ||||
G & H Facilities [Member] | Facility Agreement Scenario 1 [Member] | |||||
Debt Instrument [Line Items] | |||||
Line Of Credit | R | R 800 | ||||
G & H Facilities [Member] | Facility Agreement Scenario 3 [Member] | |||||
Debt Instrument [Line Items] | |||||
Line Of Credit | $ 350,000 | ||||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 1 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 5.50% | ||||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 2 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 4.25% | ||||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 3 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 2.50% | ||||
G & H Facilities [Member] | Maximum [Member] | Facility Agreement Scenario 2 [Member] | |||||
Debt Instrument [Line Items] | |||||
Line Of Credit | R | 800 | ||||
G & H Facilities [Member] | Minimum [Member] | Facility Agreement Scenario 2 [Member] | |||||
Debt Instrument [Line Items] | |||||
Line Of Credit | R | R 350 | ||||
A & B Facilities [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 0 | 0 | |||
Long-term borrowings | 64,155 | 64,436 | |||
Beginning Balance | 64,436 | ||||
Facilities utilized | 0 | ||||
Facilities repaid | 0 | ||||
Non-refundable fees paid | 0 | ||||
Non-refundable Fees amortized | 12 | ||||
Capitalized interest | 0 | ||||
Capitalized interest repaid | 0 | ||||
Foreign currency adjustment | (293) | ||||
Ending Balance | 64,155 | ||||
Unamortized fees | (210) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 4,954 | ||||
Due within 4 years | 7,596 | ||||
Due within 5 years | $ 51,815 | ||||
Interest rates | 12.08% | 12.08% | |||
Base rate | 8.33% | 8.33% | |||
Debt instrument variable interest rate | 3.75% | ||||
A & B Facilities [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 3.75% | ||||
CCC Revolving Credit Facility [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 0 | 0 | |||
Long-term borrowings | 10,861 | 11,802 | |||
Beginning Balance | 11,802 | ||||
Facilities utilized | 0 | ||||
Facilities repaid | (904) | ||||
Non-refundable fees paid | 0 | ||||
Non-refundable Fees amortized | 13 | ||||
Capitalized interest | 0 | ||||
Capitalized interest repaid | 0 | ||||
Foreign currency adjustment | (50) | ||||
Ending Balance | 10,861 | ||||
Unamortized fees | (53) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 10,914 | ||||
Due within 4 years | 0 | ||||
Due within 5 years | $ 0 | ||||
Interest rates | 12.70% | 12.70% | |||
Base rate | 11.75% | 11.75% | |||
Debt instrument variable interest rate | 0.95% | ||||
CCC Revolving Credit Facility [Member] | Prime Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 0.95% | ||||
Asset Backed Facility [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 3,630 | 3,663 | |||
Long-term borrowings | 4,428 | $ 4,252 | |||
Beginning Balance | 7,915 | ||||
Facilities utilized | 1,099 | ||||
Facilities repaid | (928) | ||||
Non-refundable fees paid | 0 | ||||
Non-refundable Fees amortized | 0 | ||||
Capitalized interest | 0 | ||||
Capitalized interest repaid | 0 | ||||
Foreign currency adjustment | (28) | ||||
Ending Balance | 8,058 | ||||
Unamortized fees | 0 | ||||
Due within 2 years | 3,179 | ||||
Due within 3 years | 1,142 | ||||
Due within 4 years | 104 | ||||
Due within 5 years | $ 3 | ||||
Interest rates | 12.50% | 12.50% | |||
Base rate | 11.75% | 11.75% | |||
Debt instrument variable interest rate | 0.75% | ||||
Asset Backed Facility [Member] | Prime Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 0.75% | ||||
[1] (A) – Derived from audited financial statements |
Other Payables (Schedule Of Oth
Other Payables (Schedule Of Other Payables) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | |
Other Payables [Abstract] | |||
Accruals | $ 6,619 | $ 7,078 | |
Provisions | 3,282 | 7,429 | |
Value-added tax payable | 983 | 1,247 | |
Payroll-related payables | 2,125 | 1,038 | |
Participating merchants settlement obligation | 39 | 39 | |
Other | 22,057 | 19,466 | |
Other payables, total | $ 35,105 | $ 36,297 | [1] |
[1] (A) – Derived from audited financial statements |
Capital Structure (Schedule Of
Capital Structure (Schedule Of Number Of Shares, Net Of Treasury) (Details) - shares | Sep. 30, 2023 | Sep. 30, 2022 |
Capital Structure [Abstract] | ||
Statement of changes in equity - common stock | 63,638,912 | 62,522,384 |
Less: Non-vested equity shares that have not vested as of end of year (Note 17) | 2,527,492 | 2,518,546 |
Number of shares, net of treasury excluding non-vested equity shares that have not vested | 61,111,420 | 60,003,838 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive (Loss) Income (Narrative) (Details) - USD ($) | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Reclassification from accumulated other comprehensive loss | $ 0 | $ 2,000 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive (Loss) Income (Change In Accumulated Other Comprehensive (Loss) Income Per Component) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | $ (195,726) | [1] | $ (168,840) |
Release of foreign currency translation reserve related to disposal of Finbond equity securities | 0 | 2 | |
Movement in foreign currency translation reserve related to equity-accounted investments | 489 | 2,441 | |
Movement in foreign currency translation reserve | (844) | (22,093) | |
Ending Balance | (196,081) | (188,490) | |
Accumulated Foreign Currency Translation Reserve [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | (195,726) | (168,840) | |
Release of foreign currency translation reserve related to disposal of Finbond equity securities | 2 | ||
Movement in foreign currency translation reserve related to equity-accounted investments | 489 | ||
Movement in foreign currency translation reserve | (844) | (22,093) | |
Ending Balance | $ (196,081) | $ (188,490) | |
[1] (A) – Derived from audited financial statements |
Stock-Based Compensation (Narra
Stock-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | |||||
Oct. 31, 2023 Item shares | Jul. 31, 2023 shares | Aug. 31, 2022 shares | Jul. 31, 2022 shares | Sep. 30, 2023 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) shares | Jun. 30, 2023 USD ($) | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 0 | 0 | |||||
Number of shares forfeited | 175,776 | ||||||
Forfeitures, Number of shares | 175,776 | 0 | |||||
Exercisable stock options | 0 | 0 | |||||
Stock-based compensation charge, net | $ | $ 1,759 | $ 1,462 | |||||
Deferred tax asset related to stock-based compensation | $ | $ 600 | $ 600 | |||||
Exercisable, Number of Shares | 341,317 | ||||||
Proceeds from exercise of stock options | $ | $ 21 | $ 6 | |||||
Share-based compensation, number of shares exercised | 6,793 | 2,000 | |||||
Exercised of stock options | $ | $ 21 | $ 6 | |||||
Number of share awards expected to vest | 490,705 | ||||||
Valuation allowance | $ | $ 600 | $ 600 | |||||
Stock Options [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Options exercise price range, lower limit | $ / shares | $ 3.01 | ||||||
Options exercise price range, upper limit | $ / shares | $ 11.23 | ||||||
Unrecognized compensation cost | $ | $ 100 | ||||||
Unrecognized compensation cost, expected recognition period, years | 2 years | ||||||
Restricted Stock [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 179,498 | 0 | 212,080 | ||||
Vested number of shares of restricted stock | 78,800 | 78,801 | |||||
Forfeitures, Number of shares | 8,127 | ||||||
Stock-based compensation charge, net | $ | $ 1,800 | $ 1,500 | |||||
Unrecognized compensation cost | $ | $ 5,800 | ||||||
Unrecognized compensation cost, expected recognition period, years | 2 years | ||||||
Stock compensation, employee match ratio | 1 | ||||||
Employee match maximum amount | $ | $ 1,000 | ||||||
Restricted Stock [Member] | Time-Based Vesting [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 32,582 | ||||||
Restricted Stock [Member] | Executive Officers [Member] | Subsequent Event [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 225,000 | ||||||
Restricted Stock [Member] | Executive Officers [Member] | Prior To First Anniversary Of Grant Date [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting percentage | 0% | ||||||
Restricted Stock [Member] | Executive Officers [Member] | Time-based And Market Condition Vesting [Member] | Appreciation Level One [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting percentage | 33% | ||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.10 | ||||||
Minimum target stock price related to appreciation levels | $ / shares | $ 4.40 | ||||||
Base price over measurement period | $ / shares | $ 4 | ||||||
Restricted Stock [Member] | Executive Officers [Member] | Time-based And Market Condition Vesting [Member] | Appreciation Level Two [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting percentage | 67% | ||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.21 | ||||||
Minimum target stock price related to appreciation levels | $ / shares | $ 4.84 | ||||||
Base price over measurement period | $ / shares | $ 4 | ||||||
Restricted Stock [Member] | Executive Officers [Member] | Time-based And Market Condition Vesting [Member] | Appreciation Level Three [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Vesting percentage | 100% | ||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.33 | ||||||
Minimum target stock price related to appreciation levels | $ / shares | $ 5.32 | ||||||
Base price over measurement period | $ / shares | $ 4 | ||||||
Restricted Stock [Member] | Employees [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of shares forfeited | 8,127 | 0 | |||||
Restricted Stock [Member] | Employees [Member] | Time-Based Vesting [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of employees who were granted awards | Item | 150 | ||||||
Restricted Stock [Member] | Employees [Member] | Time-Based Vesting [Member] | Subsequent Event [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 333,080 | ||||||
Restricted Stock [Member] | Advisor [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 19,443 | ||||||
Restricted Stock [Member] | New Chief Executive Officer Mr. Chris G.B. Myer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 78,800 | ||||||
Restricted Stock [Member] | Chief Executive Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Share based compensation number of stock awarded | 78,801 | ||||||
Shares paid for tax withholding for share based compensation | 35,460 | ||||||
Restricted Stock [Member] | Executives [Member] | Market And Time-based Vesting [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Percentage of stock price appreciation as vesting condition | 10% | ||||||
Share price per share | $ / shares | $ 3.90 | ||||||
Base price over measurement period | $ / shares | $ 4 | ||||||
Restricted Stock [Member] | Executives [Member] | Market And Time-based Vesting [Member] | Subsequent Event [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||
Number of stock options awarded | 310,916 | ||||||
Number of executive officers awarded stock | Item | 3 |
Stock-Based Compensation (Summa
Stock-Based Compensation (Summarized Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Outstanding, Number of shares, Beginning Balance | 673,274 | 926,225 | 926,225 | |
Granted, Number of shares | 0 | 0 | ||
Exercised | (6,793) | (2,000) | ||
Forfeitures, Number of shares | (175,776) | 0 | ||
Outstanding, Number of shares, Ending Balance | 490,705 | 924,225 | 673,274 | 926,225 |
Exercisable, Number of Shares | 341,317 | |||
Vested and expected to vest, Number of shares | 490,705 | |||
Outstanding, Weighted average exercise price, Beginning Balance | $ 4.37 | $ 4.14 | $ 4.14 | |
Exercised, Weighted average exercise price | 3.07 | 3.07 | ||
Forfeitures, Weighted average exercise price | 3.58 | 0 | ||
Outstanding, Weighted average exercise price, Ending Balance | 4.68 | $ 4.14 | $ 4.37 | $ 4.14 |
Exercisable, Weighted average exercise price | 5.05 | |||
Vested and expected to vest, Weighted average exercise price | $ 4.68 | |||
Outstanding, Weighted average remaining contractual term (in years) | 6 years 3 months 18 days | 6 years 4 months 9 days | 5 years 1 month 20 days | 6 years 7 months 6 days |
Exercisable, Weighted average remaining contractual term (in years) | 5 years 9 months 7 days | |||
Vested and expected to vest, Weighted average remaining contractual term (in years) | 6 years 3 months 18 days | |||
Outstanding, Aggregate intrinsic value, Beginning Balance | $ 239 | $ 1,249 | $ 1,249 | |
Vested and expecting to vest, Aggregate intrinsic value | 199 | |||
Exercised, Aggregate intrinsic value | 5 | 1 | ||
Exercisable, Aggregate intrinsic value | 121 | |||
Outstanding, Aggregate intrinsic value, Ending Balance | $ 199 | $ 226 | $ 239 | $ 1,249 |
Outstanding, Weighted average grant date fair value, Beginning Balance | $ 1.67 | $ 1.60 | $ 1.60 | |
Forfeitures, Weighted average grant date fair value | 1.22 | 0 | ||
Outstanding, Weighted average grant date fair value, Ending Balance | $ 1.82 | $ 1.60 | $ 1.67 | $ 1.60 |
Stock-Based Compensation (Restr
Stock-Based Compensation (Restricted Stock Activity) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | |
Aug. 31, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Non-vested, Number of Shares of Restricted Stock, Beginning Balance | |||
Granted, Number of Shares of Restricted Stock | 0 | 0 | |
Forfeitures, Number of Shares of Restricted Stock | (175,776) | 0 | |
Non-vested, Number of Shares of Restricted Stock, Ending Balance | 2,527,492 | 2,518,546 | |
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Non-vested, Number of Shares of Restricted Stock, Beginning Balance | 2,614,419 | 2,385,267 | |
Granted, Number of Shares of Restricted Stock | 179,498 | 0 | 212,080 |
Vested, Number of Shares of Restricted Stock | (78,800) | (78,801) | |
Forfeitures, Number of Shares of Restricted Stock | (8,127) | ||
Non-vested, Number of Shares of Restricted Stock, Ending Balance | 2,527,492 | 2,518,546 | |
Non-vested, Weighted Average Grant Date Fair Value, Beginning Balance | $ 11,869,000 | $ 11,879,000 | |
Granted, Weighted Average Grant Date Fair Value | 1,167,000 | ||
Vested, Weighted Average Grant Date Fair Value | 302,000 | 410,000 | |
Forfeitures, Weighted Average Grant Date Fair Value | 32,000 | ||
Non-vested, Weighted Average Grant Date Fair Value, Ending Balance | $ 11,475,000 | $ 12,568,000 | |
Restricted Stock [Member] | July 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 32,582 | ||
Granted, Weighted Average Grant Date Fair Value | $ 172,000 | ||
Restricted Stock [Member] | August 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 179,498 | ||
Granted, Weighted Average Grant Date Fair Value | $ 995,000 | ||
Restricted Stock [Member] | July 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (78,801) | ||
Vested, Weighted Average Grant Date Fair Value | $ 410,000 |
Stock-Based Compensation (Recor
Stock-Based Compensation (Recorded Net Stock Compensation Charge) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Stock-based compensation charge | $ 1,768 | $ 1,462 |
Reversal of stock compensation charge related to stock options and restricted stock forfeited | (9) | |
Total | 1,759 | 1,462 |
Allocated To Selling, General And Administration [Member] | ||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | ||
Stock-based compensation charge | 1,768 | 1,462 |
Reversal of stock compensation charge related to stock options and restricted stock forfeited | (9) | |
Total | $ 1,759 | $ 1,462 |
(Loss) Earnings Per Share (Narr
(Loss) Earnings Per Share (Narrative) (Details) - USD ($) | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Redemptions of common stock or adjustments to redeemable common stock | $ 0 | $ 0 |
Options outstanding not included in computation of diluted earnings per share | 41,809 | 210,530 |
Stock Options [Member] | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||
Securities excluded from computation of earnings per share, where exercise price greater than average market price | 262,506 | 324,619 |
Options exercise price range, lower limit | $ 4.87 | $ 4.87 |
Options exercise price range, upper limit | $ 11.23 | $ 11.23 |
(Loss) Earnings Per Share (Inco
(Loss) Earnings Per Share (Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations) (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Net loss attributable to Lesaka | $ (5,651) | $ (10,696) |
Undistributed (loss) earnings | $ (5,651) | $ (10,696) |
Percent allocated to common shareholders (Calculation 1) | 96% | 96% |
Numerator for (loss) earnings per share: basic and diluted | $ (5,402) | $ (10,277) |
Denominator for basic (loss) earnings per share: weighted-average common shares outstanding | 60,990 | 59,996 |
Denominator for diluted loss per share: adjusted weighted average common shares outstanding and assuming conversion | 60,990 | 59,996 |
(Loss) Earnings per share: Basic | $ (0.09) | $ (0.17) |
(Loss) Earnings per share: Diluted | $ (0.09) | $ (0.17) |
Basic weighted-average common shares outstanding | 60,990 | 59,996 |
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest | 63,805,000 | 62,445,000 |
Continuing [Member] | ||
Numerator for (loss) earnings per share: basic and diluted | $ (5,402) | $ (10,277) |
Supplemental Cash Flow Inform_3
Supplemental Cash Flow Information (Schedule Of Supplemental Cash Flow Disclosures) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Supplemental Cash Flow Information [Abstract] | ||
Cash received from interest | $ 445 | $ 409 |
Cash paid for interest | 2,925 | 4,011 |
Cash paid for income taxes | $ 604 | $ 677 |
Supplemental Cash Flow Inform_4
Supplemental Cash Flow Information (Supplemental Cash Flow Disclosure Related To Leases) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Supplemental Cash Flow Information [Abstract] | ||
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases | $ 693 | $ 805 |
Right-of-use assets obtained in exchange for lease obligations: Operating leases | $ 1,543 | $ 61 |
Revenue Recognition (Revenue Di
Revenue Recognition (Revenue Disaggregated By Major Revenue Streams) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 136,089 | $ 124,786 |
Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 15,580 | 15,004 |
Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 120,509 | 109,782 |
Processing Fees [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 34,493 | 33,832 |
Processing Fees [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 5,733 | 6,535 |
Processing Fees [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 28,760 | 27,297 |
Telecom Products And Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 87,354 | 76,120 |
Telecom Products And Services [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 41 | 0 |
Telecom Products And Services [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 87,313 | 76,120 |
Account Holder Fees [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,368 | 1,411 |
Account Holder Fees [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,368 | 1,411 |
Account Holder Fees [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Lending Revenue [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 5,373 | 4,711 |
Lending Revenue [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 5,373 | 4,711 |
Lending Revenue [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Technology Products [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 2,056 | 3,934 |
Technology Products [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 19 | 37 |
Technology Products [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 2,037 | 3,897 |
Interest From Customers [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,520 | 1,223 |
Interest From Customers [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Interest From Customers [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,520 | 1,223 |
Insurance Revenue [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 2,611 | 2,181 |
Insurance Revenue [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 2,611 | 2,181 |
Insurance Revenue [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Other [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,314 | 1,374 |
Other [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 435 | 129 |
Other [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 879 | 1,245 |
South Africa [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 129,875 | 119,315 |
South Africa [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 15,580 | 15,004 |
South Africa [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 114,295 | 104,311 |
South Africa [Member] | Processing Fees [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 33,133 | 32,563 |
South Africa [Member] | Processing Fees [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 5,733 | 6,535 |
South Africa [Member] | Processing Fees [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 27,400 | 26,028 |
South Africa [Member] | Telecom Products And Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 82,600 | 72,029 |
South Africa [Member] | Telecom Products And Services [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 41 | 0 |
South Africa [Member] | Telecom Products And Services [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 82,559 | 72,029 |
South Africa [Member] | Technology Products [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 2,005 | 3,867 |
South Africa [Member] | Technology Products [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 19 | 37 |
South Africa [Member] | Technology Products [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,986 | 3,830 |
South Africa [Member] | Other [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,265 | 1,330 |
South Africa [Member] | Other [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 435 | 129 |
South Africa [Member] | Other [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 830 | 1,201 |
Rest Of World [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 6,214 | 5,471 |
Rest Of World [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Rest Of World [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 6,214 | 5,471 |
Rest Of World [Member] | Processing Fees [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,360 | 1,269 |
Rest Of World [Member] | Processing Fees [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Rest Of World [Member] | Processing Fees [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 1,360 | 1,269 |
Rest Of World [Member] | Telecom Products And Services [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 4,754 | 4,091 |
Rest Of World [Member] | Telecom Products And Services [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Rest Of World [Member] | Telecom Products And Services [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 4,754 | 4,091 |
Rest Of World [Member] | Technology Products [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 51 | 67 |
Rest Of World [Member] | Technology Products [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Rest Of World [Member] | Technology Products [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 51 | 67 |
Rest Of World [Member] | Other [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 49 | 44 |
Rest Of World [Member] | Other [Member] | Consumer Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | 0 | 0 |
Rest Of World [Member] | Other [Member] | Merchant Segment [Member] | ||
Disaggregation of Revenue [Line Items] | ||
Revenue | $ 49 | $ 44 |
Leases (Narrative) (Details)
Leases (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Lessee Lease Description [Line Items] | ||
Operating lease expense | $ 0.7 | $ 0.8 |
Short-term Leasing Arrangements [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease expense | $ 0.9 | $ 1.1 |
Minimum [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating leases remaining lease term | 1 year | |
Maximum [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating leases remaining lease term | 5 years | |
Operating lease term | 1 year |
Leases (Supplemental Balance Sh
Leases (Supplemental Balance Sheet Disclosure Related To Right-of-use Assets And Operating Leases Liabilities) (Details) - USD ($) $ in Thousands | Sep. 30, 2023 | Jun. 30, 2023 | |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] | |||
Weighted average remaining lease term (years) | 3 years 8 months 15 days | 1 year 9 months 7 days | |
Weighted average discount rate | 10.10% | 9.70% | |
2024 (excluding three months to September 30, 2023) | $ 1,699 | ||
2025 | 1,638 | ||
2026 | 1,305 | ||
2027 | 1,239 | ||
2028 | 1,159 | ||
Thereafter | 120 | ||
Total undiscounted operating lease liabilities | 7,160 | ||
Less imputed interest | 1,357 | ||
Total operating lease liabilities, included in | 5,803 | ||
Operating lease liability - current | 1,722 | $ 1,747 | [1] |
Operating lease liability - long-term | $ 4,081 | $ 3,138 | [1] |
[1] (A) – Derived from audited financial statements |
Leases (Supplemental Balance _2
Leases (Supplemental Balance Sheet Disclosure Related To Right-of-use Assets And Operating Leases Liabilities) (Alternate) (Details) $ in Thousands | Sep. 30, 2023 USD ($) |
Leases [Abstract] | |
Total undiscounted operating lease liabilities | $ 7,160 |
Less imputed interest | 1,357 |
Total operating lease liabilities, included in | $ 5,803 |
Operating Segments (Narrative)
Operating Segments (Narrative) (Details) | 3 Months Ended |
Sep. 30, 2023 Item | |
Segment Reporting Information [Line Items] | |
Number Of Operating Segments | 2 |
Operating Segments (Reconciliat
Operating Segments (Reconciliation Of Reportable Segments Revenue) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | $ 136,089 | $ 124,786 |
Merchant Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | 120,509 | 109,782 |
Consumer Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | 15,580 | 15,004 |
Reportable Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | 136,941 | 124,786 |
Reportable Segment [Member] | Merchant Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | 121,361 | 109,782 |
Reportable Segment [Member] | Consumer Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | 15,580 | 15,004 |
Inter-Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | (852) | 0 |
Inter-Segment [Member] | Merchant Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | (852) | 0 |
Inter-Segment [Member] | Consumer Segment [Member] | ||
Segment Reporting, Revenue Reconciling Item [Line Items] | ||
Revenues | $ 0 | $ 0 |
Operating Segments (Reconcili_2
Operating Segments (Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating loss | $ 228 | $ (4,671) |
Unrealized Loss FV for currency adjustments | (102) | 0 |
Lease adjustments | 696 | 812 |
Stock based compensation charge adjustments | (1,759) | (1,462) |
Depreciation and amortization | (5,856) | (5,998) |
Reversal of allowance of EMI doubtful debt | 250 | 0 |
Gain on disposal of equity-accounted investments | 0 | 248 |
Interest income | 449 | 411 |
Interest expense | (4,909) | (4,036) |
Loss before income taxes | (3,982) | (8,048) |
Group Cost [Member] | ||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating loss | (1,822) | (2,300) |
Once Off Items [Member] | ||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating loss | (78) | (598) |
Reportable Segment [Member] | ||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | ||
Operating loss | 10,541 | 6,499 |
Depreciation and amortization | $ (2,247) | $ (2,070) |
Operating Segments (Summary Of
Operating Segments (Summary Of Segment Information) (Details) $ in Thousands, R in Millions | 3 Months Ended | ||
Sep. 30, 2023 USD ($) | Sep. 30, 2023 ZAR (R) | Sep. 30, 2022 USD ($) | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 136,089 | $ 124,786 | |
Lease adjustments | (696) | (812) | |
Operating loss | 228 | (4,671) | |
Depreciation and amortization | 5,856 | 5,998 | |
Expenditures for long-lived assets | 2,809 | 4,501 | |
Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 136,941 | 124,786 | |
Operating loss | 10,541 | 6,499 | |
Depreciation and amortization | 2,247 | 2,070 | |
Expenditures for long-lived assets | 2,809 | 4,501 | |
Group Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | (3,609) | (3,928) | |
Expenditures for long-lived assets | 0 | 0 | |
Merchant Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 120,509 | 109,782 | |
Merchant Segment [Member] | Retrenchment Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Operating loss | 200 | R 4.6 | |
Merchant Segment [Member] | Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 121,361 | 109,782 | |
Operating loss | 8,061 | 7,893 | |
Depreciation and amortization | 2,078 | 1,825 | |
Expenditures for long-lived assets | 2,763 | 3,873 | |
Consumer Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 15,580 | 15,004 | |
Consumer Segment [Member] | Retrenchment Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Operating loss | 100 | R 1.5 | |
Consumer Segment [Member] | Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 15,580 | 15,004 | |
Operating loss | 2,480 | (1,394) | |
Depreciation and amortization | 169 | 245 | |
Expenditures for long-lived assets | $ 46 | $ 628 |
Income Tax (Narrative) (Details
Income Tax (Narrative) (Details) | Sep. 30, 2023 USD ($) |
Valuation Allowance [Line Items] | |
Accrued interest related to uncertain tax positions | $ 0 |
Unrecognized tax benefit | 0 |
Liability for uncertain tax positions noncurrent | 0 |
Unrecognized Tax Benefits | $ 0 |
Commitments And Contingencies (
Commitments And Contingencies (Narrative) (Details) R in Millions, $ in Millions | Sep. 30, 2023 USD ($) | Sep. 30, 2023 ZAR (R) |
Nedbank [Member] | Guarantee [Member] | ||
Guarantor Obligations [Line Items] | ||
Guarantee amount | $ 0.1 | R 2.1 |
Nedbank [Member] | Guarantee [Member] | Minimum [Member] | ||
Guarantor Obligations [Line Items] | ||
Commission charge rate | 0.47% | 0.47% |
Nedbank [Member] | Guarantee [Member] | Maximum [Member] | ||
Guarantor Obligations [Line Items] | ||
Guarantee amount | $ 1.9 | R 35.2 |
Commission charge rate | 1.84% | 1.84% |
Nedbank [Member] | Ceded And Pledged Bank Accounts As Security [Member] | ||
Guarantor Obligations [Line Items] | ||
Guarantee amount | $ 0.1 | R 2.1 |
RMB Member [Member] | Guarantee [Member] | ||
Guarantor Obligations [Line Items] | ||
Guarantee amount | $ 1.7 | R 33.1 |
RMB Member [Member] | Guarantee [Member] | Minimum [Member] | ||
Guarantor Obligations [Line Items] | ||
Commission charge rate | 3.42% | 3.42% |
RMB Member [Member] | Guarantee [Member] | Maximum [Member] | ||
Guarantor Obligations [Line Items] | ||
Commission charge rate | 3.44% | 3.44% |