BN Edge | Lesaka chairman Ali Mazanderani on banks, cash and conviction

The company once known as Net1 has just posted its first full-year profit and is telling the market to expect adjusted earnings to compound at more than 40% a year. Executive chairman Ali Mazanderani, who says he has helped build seven multibillion-dollar fintechs from Brazil to Europe, told Alec Hogg why he believes South Africa's big banks are structurally unable to win the township economy, and why local capital has been too cautious to back the challengers. He also set out what the pending Bank Zero deal would do to Lesaka's debt, why nine in ten South African merchants still don't take card payments, and why he accepted a pay deal that only works if the share price does. Video production by Asime Nyide Thumbnails designed by Patrick Kidd/ BizNews and Megan Baines/ BizNews Support South Africa’s bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here - https://www.biznews.com/subscription Your early morning brew of the BizNews Insider keeps you up to speed with the content that matters. Register here - https://biznews.beehiiv.com/biznews-i... Join this channel to get access to perks:    / @biznewstv