Fintech group Lesaka buys Adumo for R1.59bn

Dual-listed fintech firm Lesaka Technologies has signed a definitive agreement to acquire payments services provider Adumo in a R1.59 billion ($85.9 million) deal.

The group will employ 3 300 employees over South Africa, Namibia, Botswana, Zambia and Kenya. 3min read

Discovery Bank launches home loans with dynamic interest rate saving of up to 1%

The Bank will offer clients competitive, personalised rates based on their individual risk profiles, and use its established Shared-value Banking model to enable clients to further reduce their interest rate by up to 1%. This will be done by managing their money well with Vitality Money and protecting their home loan and home with the relevant insurance products Discovery offers.