As fintech firms fight for specialised skills, Lesaka and Altron FinTech take different approaches to finding and building talent.
The fintech firm swings from a R1.63 billion loss to a R47.3 million profit, as it brings its businesses together under the Lesaka brand.
Cell C's R12.6bn Turnaround | ITWeb Tech Headlines | 17-22 August 2026
These are the stories making headlines on ITWeb this week. Cell C added 1.3 million subscribers and cut net debt by 64% in its first full year as a JSE-listed company, with group revenue climbing to R12.64 billion. Meanwhile, Standard Bank is shifting from just using AI tools to becoming a fully AI-enabled organisation, with more than 39 000 staff, 72% of its workforce, now active generative AI users.
The fintech group extends its Bank Zero acquisition deadline to January, pending outstanding regulatory approvals.
The revision stems from the treatment of the “change in fair value of equity securities, net” line item in its Q3 FY2026 results.
The fintech firm’s growing base of SASSA-linked customers helps drive strong profit growth, as demand for loans and funeral cover increases.
No consumer data was breached after files allegedly containing sensitive payment system data appeared on the dark web, says Adumo.
The fintech firm sees an uptick in demand after it increased its loan size from R2 000 to R4 000 and extended the terms from six to nine months.
Luno, Sanlam, EasyEquities and Lesaka launch institutional Rand stablecoin ZARU, to enable real‑time blockchain settlement and global trade.
Chris Meyer will conclude his tenure as Lesaka Group CEO, while Ali Mazanderani assumes the executive chairman role.