been going through the latest MD&A and lesaka's merchant acquiring segment is actually printing cash now, m…by @thuli_dd on $LSK

been going through the latest MD&A and lesaka's merchant acquiring segment is actually printing cash now, margins are way better than they were two years ago. the rand weakness helps on the international side too. at R84 you're not paying a crazy multiple for fintech exposure in SA when payfast and similar are private. biggest risk is still how much they're dependent on the local market, but the diversification into bill payments and lending is starting to matter.