Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Jun. 30, 2023 | Sep. 12, 2023 | Dec. 31, 2022 | |
Document And Entity Information [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Jun. 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 | ||
Entity Address Line Two | 4th Floor | ||
Entity Address Line Three | 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 Well-Known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Accelerated Filer | ||
Entity Small Business | true | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 187,560,764 | ||
Entity Common Stock, Shares Outstanding | 61,516,860 | ||
Document Fiscal Year Focus | 2023 | ||
Document Fiscal Period Focus | FY | ||
Current Fiscal Year End Date | --06-30 | ||
Entity Central Index Key | 0001041514 | ||
Amendment Flag | false | ||
Documents Incorporated by Reference | Certain incorporated by reference into Part III of this Form 10-K. | ||
Auditor Name | Deloitte & Touche | ||
Auditor Firm Id | 1130 | ||
Auditor Location | Johannesburg, South Africa |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
CURRENT ASSETS | ||
Cash and cash equivalents | $ 35,499 | $ 43,940 |
Restricted cash related to ATM funding and short-term credit facilities (Note 12) | 23,133 | 60,860 |
Accounts receivable, net and other receivables (Note 4) | 25,665 | 28,898 |
Finance loans receivable, net (Note 4) | 36,744 | 33,892 |
Inventory (Note 5) | 27,337 | 34,226 |
Total current assets before settlement assets | 148,378 | 201,816 |
Settlement assets | 15,258 | 15,916 |
Total current assets | 163,636 | 217,732 |
PROPERTY, PLANT AND EQUIPMENT, NET (Note 7) | 27,447 | 24,599 |
OPERATING LEASE RIGHT-OF-USE (Note 8) | 4,731 | 7,146 |
EQUITY-ACCOUNTED INVESTMENTS (Note 9) | 3,171 | 5,861 |
GOODWILL (Note 10) | 133,743 | 162,657 |
INTANGIBLE ASSETS, NET (Note 10) | 121,597 | 156,702 |
DEFERRED INCOME TAXES | 10,315 | 3,776 |
OTHER LONG-TERM ASSETS, including reinsurance assets (Note 9 and 11) | 77,594 | 78,092 |
TOTAL ASSETS | 542,234 | 656,565 |
CURRENT LIABILITIES | ||
Short-term credit facilities for ATM funding (Note 12) | 23,021 | 51,338 |
Short-term credit facilities (Note 12) | 9,025 | 14,880 |
Accounts payable | 12,380 | 18,572 |
Other payables (Note 13) | 36,297 | 34,362 |
Operating lease liability - current (Note 8) | 1,747 | 2,498 |
Current portion of long-term borrowings (Note 12) | 3,663 | 6,804 |
Income taxes payable | 1,005 | 2,140 |
Total current liabilities before settlement obligations | 87,138 | 130,594 |
Settlement obligations | 14,774 | 15,276 |
Total current liabilities | 101,912 | 145,870 |
DEFERRED INCOME TAXES | 46,840 | 54,211 |
OPERATING LEASE LIABILITY - LONG TERM (Note 8) | 3,138 | 4,827 |
LONG-TERM BORROWINGS (Note 12) | 129,455 | 134,842 |
OTHER LONG-TERM LIABILITIES, including insurance policy liabilities (Note 11) | 1,982 | 2,466 |
TOTAL LIABILITIES | 283,327 | 342,216 |
REDEEMABLE COMMON STOCK (Note 14) | 79,429 | 79,429 |
EQUITY | ||
COMMON STOCK (Note 14) Authorized: 200,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury - 2023: 63,640,246; 2022: 62,324,321 | 83 | 83 |
PREFERRED STOCK Authorized shares: 50,000,000 with $0.001 par value; Issued and outstanding shares, net of treasury: 2023: - ; 2022: - | ||
ADDITIONAL PAID-IN-CAPITAL | 335,696 | 327,891 |
TREASURY SHARES, AT COST: 2023: 25,244,286; 2022: 24,891,292 | (288,238) | (286,951) |
ACCUMULATED OTHER COMPREHENSIVE LOSS (Note 15) | (195,726) | (168,840) |
RETAINED EARNINGS | 327,663 | 362,737 |
TOTAL LESAKA EQUITY | 179,478 | 234,920 |
NON-CONTROLLING INTEREST | 0 | 0 |
TOTAL EQUITY | 179,478 | 234,920 |
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND SHAREHOLDERS' EQUITY | $ 542,234 | $ 656,565 |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2023 | Jun. 30, 2022 |
Balance Sheets [Abstract] | ||
Common stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, par value | $ 0.001 | $ 0.001 |
Common stock, shares issued | 63,640,246 | 62,324,321 |
Common stock, shares outstanding | 63,640,246 | 62,324,321 |
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 | 24,891,292 |
Consolidated Statement Of Opera
Consolidated Statement Of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
REVENUE (Note 16) | $ 527,971 | $ 222,609 | $ 130,786 |
EXPENSE | |||
Cost of goods sold, IT processing, servicing and support | 417,544 | 168,317 | 96,248 |
Selling, general and administration | 95,050 | 74,993 | 84,063 |
Depreciation and amortization | 23,685 | 7,575 | 4,347 |
Reorganization costs | 0 | 5,894 | 0 |
Transaction costs related to Connect acquisition (Note 3) | 0 | 6,025 | 0 |
Impairment loss (Note 10) | 7,039 | 0 | 0 |
OPERATING LOSS | (15,347) | (40,195) | (53,872) |
CHANGE IN FAIR VALUE OF EQUITY SECURITIES (Note 6 and 9) | 0 | 0 | 49,304 |
LOSS ON DISPOSAL OF EQUITY-ACCOUNTED INVESTMENT (Note 9) | 205 | 376 | 13 |
GAIN ON DISPOSAL OF EQUITY SECURITIES (Note 9) | 0 | 720 | 0 |
GAIN RELATED TO FAIR VALUE ADJUSTMENT TO CURRENCY OPTIONS (Note 6) | 0 | 3,691 | 0 |
LOSS ON DISPOSAL OF BANK FRICK (Note 9) | 0 | 0 | 472 |
INTEREST INCOME | 1,853 | 2,089 | 2,416 |
INTEREST EXPENSE | 18,567 | 5,829 | 2,982 |
LOSS BEFORE INCOME TAX (BENEFIT) EXPENSE | (32,266) | (39,900) | (5,619) |
INCOME TAX (BENEFIT) EXPENSE (Note 18) | (2,309) | 327 | 7,560 |
LOSS BEFORE LOSS FROM EQUITY-ACCOUNTED INVESTMENTS | (29,957) | (40,227) | (13,179) |
LOSS FROM EQUITY-ACCOUNTED INVESTMENTS (Note 9) | (5,117) | (3,649) | (24,878) |
NET LOSS FROM CONTINUING OPERATIONS | (35,074) | (43,876) | (38,057) |
NET LOSS ATTRIBUTABLE TO LESAKA | $ (35,074) | $ (43,876) | $ (38,057) |
Net loss per share, in United States dollars (Note 19): | |||
Basic loss attributable to Lesaka shareholders | $ (0.56) | $ (0.75) | $ (0.67) |
Diluted loss attributable to Lesaka shareholders | $ (0.56) | $ (0.75) | $ (0.67) |
Services Rendered [Member] | |||
REVENUE (Note 16) | $ 486,800 | $ 178,846 | $ 95,398 |
Loan-based Fees Received [Member] | |||
REVENUE (Note 16) | 25,308 | 22,444 | 20,511 |
Sale of Goods [Member] | |||
REVENUE (Note 16) | $ 15,863 | $ 21,319 | $ 14,877 |
Consolidated Statement Of Compr
Consolidated Statement Of Comprehensive (Loss) Income - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net loss | $ (35,074) | $ (43,876) | $ (38,057) |
Other comprehensive income (loss), net of taxes | |||
Movement in foreign currency translation reserve | (31,183) | (25,413) | 27,178 |
Movement in foreign currency translation reserve related to equity-accounted investments (Note 15) | 3,935 | 1,239 | (1,967) |
Total other comprehensive (loss) income, net of taxes | (26,886) | (23,119) | 23,354 |
Comprehensive loss | (61,960) | (66,995) | (14,703) |
Comprehensive loss attributable to Lesaka | (61,960) | (66,995) | (14,703) |
Finbond Equity Securities [Member] | |||
Other comprehensive income (loss), net of taxes | |||
Release of foreign currency translation reserve related to disposal/liquidation | 362 | 587 | 0 |
Liquidation of Subsidiaries [Member] | |||
Other comprehensive income (loss), net of taxes | |||
Release of foreign currency translation reserve related to disposal/liquidation | 0 | 468 | 605 |
Bank Frick [Member] | |||
Other comprehensive income (loss), net of taxes | |||
Release of foreign currency translation reserve related to disposal/liquidation | $ 0 | $ 0 | $ (2,462) |
Consolidated Statement Of Chang
Consolidated Statement Of Changes In Equity - USD ($) $ in Thousands | Total | Common And Treasury Stock [Member] | Treasury Stock [Member] | Number Of Shares, Net Of Treasury [Member] | Additional Paid-In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Parent [Member] | Noncontrolling Interest [Member] | Redeemable Common Stock [Member] |
Balance, Number of Shares at Jun. 30, 2020 | 82,010,217 | (24,891,292) | 57,118,925 | |||||||
Balance at Jun. 30, 2020 | $ 290,213 | $ 80 | $ (286,951) | $ 301,489 | $ 444,670 | $ (169,075) | $ 290,213 | $ 0 | ||
Redeemable Common Stock, Balance at Jun. 30, 2020 | 84,979 | |||||||||
Restricted stock granted, shares | 254,560 | 254,560 | ||||||||
Exercise of stock options | $ 53 | 53 | 53 | |||||||
Exercise of stock options, shares | 17,335 | 17,335 | 17,335 | |||||||
Stock-based compensation charge (Note 17) | $ 1,430 | 1,430 | 1,430 | |||||||
Reversal of stock-based compensation charge (Note 17) | (1,086) | 1,086 | 1,086 | |||||||
Reversal of stock-based compensation charge (Note 17), shares | (674,200) | (674,200) | ||||||||
Stock based-compensation charge related to equity accounted investment (Note 17) | (25) | (25) | (25) | |||||||
Proceeds from disgorgement of shareholders' short-swing profits (Note 23) | 98 | 98 | 98 | $ 0 | ||||||
Net loss | (38,057) | (38,057) | (38,057) | 0 | ||||||
Other comprehensive income (loss) (Note 15) | $ 23,354 | 23,354 | 23,354 | 0 | ||||||
Balance, Number of Shares at Jun. 30, 2021 | 56,716,620 | 81,607,912 | (24,891,292) | 56,716,620 | ||||||
Balance at Jun. 30, 2021 | $ 275,980 | $ 80 | $ (286,951) | 301,959 | 406,613 | (145,721) | 275,980 | 0 | ||
Redeemable Common Stock, Balance at Jun. 30, 2021 | 84,979 | |||||||||
Stock issued | 16,658 | $ 3 | 16,655 | 16,658 | ||||||
Stock issued, shares | 3,185,079 | 3,185,079 | ||||||||
Restricted stock granted | 0 | 0 | 0 | |||||||
Restricted stock granted, shares | 2,278,643 | 2,278,643 | ||||||||
Exercise of stock options | $ 760 | 760 | 760 | |||||||
Exercise of stock options, shares | 249,521 | 249,521 | 249,521 | |||||||
Stock-based compensation charge (Note 17) | $ 3,082 | 3,082 | 3,082 | |||||||
Reversal of stock-based compensation charge (Note 17) | (120) | (120) | (120) | |||||||
Reversal of stock-based compensation charge (Note 17), shares | (105,542) | (105,542) | ||||||||
Stock based-compensation charge related to equity accounted investment (Note 17) | 5 | 5 | 5 | |||||||
Transfer from redeemable common stock to additional paid-in-capital (Note 14) | 5,550 | 5,550 | 5,550 | $ (5,550) | ||||||
Net loss | (43,876) | (43,876) | (43,876) | 0 | ||||||
Other comprehensive income (loss) (Note 15) | $ (23,119) | (23,119) | (23,119) | 0 | ||||||
Balance, Number of Shares at Jun. 30, 2022 | 62,324,321 | 87,215,613 | (24,891,292) | 62,324,321 | ||||||
Balance at Jun. 30, 2022 | $ 234,920 | $ 83 | $ (286,951) | 327,891 | 362,737 | (168,840) | 234,920 | 0 | ||
Redeemable Common Stock, Balance at Jun. 30, 2022 | 79,429 | |||||||||
Treasury shares repurchased | (1,287) | $ (1,287) | 0 | (1,287) | ||||||
Treasury shares repurchased (in shares) | (352,994) | (352,994) | ||||||||
Stock issued, shares | 206,239 | 206,239 | ||||||||
Restricted stock granted | 0 | 0 | 0 | |||||||
Restricted stock granted, shares | 1,418,386 | 1,418,386 | ||||||||
Exercise of stock options | $ 481 | 481 | 481 | |||||||
Exercise of stock options, shares | 158,659 | 158,659 | 158,659 | |||||||
Stock-based compensation charge (Note 17) | $ 7,673 | 7,673 | 7,673 | |||||||
Reversal of stock-based compensation charge (Note 17) | (364) | (364) | (364) | |||||||
Reversal of stock-based compensation charge (Note 17), shares | (114,365) | (114,365) | ||||||||
Stock based-compensation charge related to equity accounted investment (Note 17) | 15 | 15 | 15 | |||||||
Net loss | (35,074) | (35,074) | (35,074) | 0 | ||||||
Other comprehensive income (loss) (Note 15) | $ (26,886) | (26,886) | (26,886) | 0 | ||||||
Balance, Number of Shares at Jun. 30, 2023 | 63,640,246 | 88,884,532 | (25,244,286) | 63,640,246 | ||||||
Balance at Jun. 30, 2023 | $ 179,478 | $ 83 | $ (288,238) | $ 335,696 | $ 327,663 | $ (195,726) | $ 179,478 | $ 0 | ||
Redeemable Common Stock, Balance at Jun. 30, 2023 | $ 79,429 |
Consolidated Statement Of Cashf
Consolidated Statement Of Cashflows - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Cash flows from operating activities | |||
Net loss | $ (35,074) | $ (43,876) | $ (38,057) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 23,685 | 7,575 | 4,347 |
Impairment loss (Note 10) | 7,039 | 0 | 0 |
Movement in allowance for doubtful accounts receivable | 6,495 | 1,551 | 110 |
Fair value adjustment related to financial liabilities | (20) | (466) | 840 |
(Profit) Loss on disposal of property, plant and equipment | (468) | (2,849) | 480 |
Stock-based compensation charge (Note 17) | 7,309 | 2,962 | 344 |
Change in fair value of equity securities (Note 6 and 9) | 0 | 0 | (49,304) |
Gain on disposal of equity securities (Note 9) | 0 | (720) | 0 |
Loss on disposal of equity-accounted investment (Note 9) | (205) | (376) | (13) |
(Gain) Loss on disposal | 0 | 0 | 472 |
Interest payable | 5,069 | 9 | (1) |
Facility fee amortized (Note 12) | 864 | 251 | 0 |
Loss from equity-accounted investments (Note 9) | 5,117 | 3,649 | 24,878 |
Movement in allowance for doubtful loans to equity-accounted investments | 0 | 38 | 4,739 |
Dividends received from equity-accounted investments | 42 | 155 | 194 |
(Increase) Decrease in accounts receivable (Note 20) | (1,687) | 11,102 | 6,505 |
Increase in finance loans receivable (Note 20) | (12,353) | (2,047) | (2,754) |
Decrease (Increase) in inventory | 2,172 | (4,820) | 1,279 |
Increase (Decrease) in accounts payable and other payables | 1,705 | (8,851) | (335) |
(Decrease) Increase in taxes payable | (800) | 1,087 | (17,210) |
(Decrease) Increase in deferred taxes | (8,890) | (2,324) | 5,089 |
Net cash provided by (used in) operating activities | 410 | (37,198) | (58,371) |
Cash flows from investing activities | |||
Capital expenditures | (16,156) | (4,558) | (4,285) |
Proceeds from disposal of property, plant and equipment | 1,497 | 4,217 | 571 |
Acquisition of intangible assets | (419) | 0 | 0 |
Loans to equity-accounted investment (Note 9) | (112) | 0 | (1,238) |
Repayment of loans by equity-accounted investments | 112 | 0 | 134 |
Acquisitions, net of cash acquired (Note 3) | 0 | (202,159) | 0 |
Proceeds from disposal of equity-accounted investments (Note 9) | 656 | 865 | 0 |
Proceeds from disposal of equity securities (Note 9) | 0 | 720 | 0 |
Proceeds from disposal of Net1 Korea, net of cash disposed (Note 3) | 0 | 0 | 20,114 |
Proceeds from disposal of DNI as equity-accounted investment (Note 9 and Note 20) | 0 | 0 | 6,010 |
Net change in settlement assets | (2,036) | (4,163) | 7,901 |
Net cash (used in) provided by investing activities | (16,458) | (193,688) | 47,775 |
Cash flows from financing activities | |||
Proceeds from bank overdraft (Note 12) | 520,065 | 570,862 | 360,083 |
Repayment of bank overdraft (Note 12) | (547,271) | (525,459) | (365,440) |
Long-term borrowings utilized (Note 12) | 24,355 | 78,851 | 0 |
Repayment of long-term borrowings (Note 12) | (17,512) | (5,581) | 0 |
Non-refundable deal origination fees/guarantee fees (Note 12) | (100) | (1,307) | 0 |
Acquisition of treasury stock | (1,287) | 0 | 0 |
Proceeds from exercise of stock options | 481 | 759 | 53 |
Proceeds from disgorgement of shareholders' short-swing profits (Note 23) | 0 | 0 | 124 |
Net change in settlement obligations | 2,148 | 4,134 | (7,901) |
Net cash (used in) provided by financing activities | (19,121) | 122,259 | (13,081) |
Effect of exchange rate changes on cash | (10,999) | (10,338) | 14,957 |
Net decrease in cash, cash equivalents and restricted cash | (46,168) | (118,965) | (8,720) |
Cash, cash equivalents and restricted cash - beginning of period | 104,800 | 223,765 | 232,485 |
Cash, cash equivalents and restricted cash - end of period (Note 20) | 58,632 | 104,800 | 223,765 |
Bank Frick [Member] | |||
Cash flows from investing activities | |||
Proceeds from disposal of equity-accounted investments (Note 9) | $ 0 | $ 11,390 | $ 18,568 |
Description Of Business And Bas
Description Of Business And Basis Of Presentation | 12 Months Ended |
Jun. 30, 2023 | |
Description Of Business And Basis Of Presentation [Abstract] | |
Description Of Business And Basis Of Presentation | 1. Description of Business Lesaka Technologies, Inc. (“Lesaka” and collectively UEPS Technologies, Inc., was incorporated in or fintech, products and services, primarily in South Africa and neighboring fintech solutions for services and offers transaction processing, including bill payment and value-added services (including prepaid financial solutions to its customers. Basis of presentation The accompanying prepared in accordance with accounting principles generally accepted Reorganization charge - financial services restructuring The Company has incurred significant losses since its contract to distribute social grants expired in September 2018. A strategic imperative for the Company is to return its South African consumer business to a breakeven possible. As part of a cost and determined that a number of its defined employee roles would need to be terminated due to redundancy. The on a retrenchment process pursuant to Section 189A The 6.7 103.4 principally consisting of severance and related of $ 5.9 2022. The primary difference between the in prior periods. July 2021 civil unrest in South Africa impacting Two disruption of unrest infrastructure in the affected provinces. In the Banking Association The provides coverage for damage caused disorders, estimates that the total damage to property Company suffered 19 173 Company’s efforts to grow EPE customer numbers. July 2021 volumes 13 % lower than June 2021, and August 2021 3 % lower than July 2021. The Company’s insurance claims to recover the cost to repair and replace its branches and ATMs have been met in full, with the Company receiving ZAR 38.6 As a result customers revenue of approximately ZAR 6.0 0.4 Impact of events involving Russia and Ukraine The Company believes that these events may adversely impact South in crude oil prices affect the Company. |
Significant Accounting Policies
Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2023 | |
Significant Accounting Policies [Abstract] | |
Significant Accounting Policies | 2. Principles of consolidation The financial statements of accounts and transactions are eliminated upon consolidation. The Company, if it is the primary beneficiary, The primary beneficiary is considered the entity's expected residual returns, or both. No entities were required to be consolidated as a result of these requirements during the years ended June 30, Business combinations The consideration paid The Company uses a number cash appropriate adjustments in the reporting period in which the adjustment amounts are determined. Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions affect statements estimates. Translation of foreign The primary currency is the U.S. dollar. expenses are translated at average income in total income attributable entity and includes the release in the gain or loss reported related to the sale or Foreign exchange transactions are translated at the spot rate ruling at the date of the transaction. Monetary items are translated at the closing expense on the Company’s consolidated Cash, cash equivalents and restricted cash Cash and cash equivalents unrestricted and readily available. Allowance for doubtful accounts receivable Allowance for doubtful finance loans receivable The management’s receivable and Company procedures, including where deemed necessary, Allowance for doubtful accounts receivable A specific safe assets, point of sale (“POS”) equipment, receiving support and maintenance or transaction services cards from outstanding amounts, the location and the payment history of the customer 2. Inventory Inventory transport and handling costs. Property, plant Property, on the straight-line basis at rates which Within the following asset classifications, the expected Safe assets 8 Computer equipment 3 8 Office equipment 2 10 Vehicles 3 8 Furniture and fittings 3 10 The gain or loss arising the carrying amount of the asset and is recognized in income. Leases The Company determines whether an arrangement is a lease at inception. of-use assets (“ROU”), The Company finance leases in property and equipment, other payables, and other A ROU asset obligation to commencement date based on an implicit rate, borrowing over prepayments made terminate recognized on a straight-line basis over the lease term. The Company does not recognize right-of-use assets and lease liabilities for lease arrangements with a term of twelve months or less. The Company adaptation of leased properties to the shorter of the estimated useful life of the asset and the remaining term of Equity-accounted investments The Company uses the equity over adjusts the carrying value of the investment to recognize its proportional share of the equity-accounted company’s net income or loss. In addition, when an investment qualifies for the equity of influence), held interest and the equity method would be significant influence over the investee. The Company that is equity-accounted measurement of Company does not recognize cumulative losses in excess of its investment or loans in an equity-accounted an obligation to provide additional financial support. 2. Equity-accounted investments (continued) Dividends received from an equity-accounted investment reduce the carrying value has elected to classify distributions received from equity method investees using the nature of the distribution approach. requires the Company to evaluate either whenever events or circumstances indicate that the carrying amount of Goodwill Goodwill acquired and liabilities assumed. The Company tests for impairment circumstances change that would more likely than not Circumstances that climate or legal that a reporting unit or of a significant asset group within a reporting unit. If goodwill is allocated to a reporting unit unit exceeds fair value could be valuation techniques based on multiples of earnings or revenue, or Intangible assets Intangible assets are shown at Customer relationships 1 15 Software, integrated platform and unpatented technology 3 10 FTS patent 10 Exclusive licenses 7 Brands and trademarks 3 20 Intangible assets that warrant revised estimates of useful lives or that indicate that impairment Debt and equity securities Debt securities The Company is required to upon investment in the security. Trading Debt securities initially measured losses security as a trading Company had no debt securities that were classified as trading securities as of June Available for sale Debt Company has not classified them as trading securities or if it does not have maturity. sale debt securities gains comprehensive income, net of deferred income as available for sale securities as of June 30, 2023 and 2022, respectively. 2. Debt and equity securities (continued) Debt securities (continued) Held to maturity Debt securities acquired by the Company which it has the ability and the positive intent to hold to maturity are classified as held to maturity debt securities. The Company is required to make an election to classify these debt securities as held to maturity and these securities are carried at amortized cost. The amortized cost and accretion of discounts to maturity. in interest income in the Company’s consolidated statement of operations. The Company had 2023 and 2022, respectively, Impairment of debt securities The Company’s other-than-temporary impairments in value. With regard to available for sale and held to maturity debt securities, the Company considers (i) the ability and intent to hold the debt security for a to sell the debt security; an impairment and the current fair value as it is impairment loss intend to sell or that it is more likely than not that it will cost basis. The credit loss portion, which is measured as the difference expected future cash flows, is measured income, net of applicable taxes. Equity securities Equity consolidated statement measure equity securities without readily determinable fair from observable price changes in orderly transactions for the identical or in observable securities during the year ended June 30, of performs a qualitative assessment on a quarterly basis and recognizes value of the equity security is less than its carrying value. Policy reserves and liabilities Reserves for policy benefits and claims payable The Company determines its reserves for policy benefits under incurred allows for which these products are offered, namely South Africa. The best estimate assumptions include (i) mortality and morbidity assumptions reflecting the company’s and (ii) claim reporting delays reflecting Company specific and industry experience. Most of the disability claims-in-payment reserve is endowments are increased by late payment interest (net of the asset management 2. Policy reserves and liabilities (continued) Deposits on investment contracts For the Company’s interest-sensitive Reinsurance contracts held The Company enters into reinsurance or a portion of losses arising on one or more of the insurance contracts it issues. The expected benefits to which the Company is These assets consist well as long-term receivables (classified within other long-term assets) that are dependent on the expected claims and benefits arising under the associated with the reinsured contracts and in accordance with the terms of each reinsurance contract. Reinsurance assets are assessed for impairment at reduces the carrying amount of the reinsurance asset to its recoverable amount and recognizes that impairment loss in its consolidated statement of operations. Reinsurance premiums are recognized when Redeemable common stock Common stock holder, equity (i.e. permanent equity). Redeemable common stock is adjust maximum redeemable common stock is of the amount reported outside of permanent equity. Redeemable common stock is reclassified as permanent equity when presentation outside (if, for example, a redemption of the redeemable common period consolidated financial statements are not adjusted. Revenue recognition The reflects contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of allowances which are subsequently remitted to governmental authorities. Nature of products and services Telecom The Company revenue as the airtime is delivered to the customer. 2. Revenue recognition (continued) Nature of products and services (continued) Processing fees The Company transaction processing services that upon completion of customers. customers accessible considers each of these services provided. Processing completion of the processed transaction. Customers that have a bank account managed by the or to transact customers. The enquiry, recognized on the completion of the processed transaction. The Company, to its customers (including prepaid delivered to the customer. Revenue Account holder fees The Company the Company is not accounts regardless of basis on all active bank accounts. Revenue from account holders’ Lending revenue The monthly service fees. of return implicit in the loan, that is, the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at the origination or acquisition of The monthly service fee amount is fixed upon initiation and does not Interest earned from The Company provides short-term loans to merchants in South Africa and levies interest on the amount lent. The Company does not charge effective interest rate adjusted interest rate included in the contract with the customer generally changes with changes to benchmark rates of interest set by the South African Reserve Bank. Technology The Company supplies hardware and licenses for its customers to use the Company’s POS devices, SIM cards and other consumables which at the transaction price specified technology developed by the Company and the associated revenue is recognized 2. Revenue recognition (continued) Nature of products and services (continued) Insurance revenue The Company writes of each month. Premium revenue expected non-payment of policy premiums. Accounts Receivable, Contract Assets and Contract Liabilities The unconditional. The Company has no contract assets or contract liabilities. Research and development expenditure Research and June 30, 2023, 0.5 0.5 0.3 million, respectively. Computer software development Product feasibility is attained. determined amortizes of software development is generally short with insignificant amounts of development Costs in that development and post-implementation stages are expensed as incurred. Income taxes The payable recognized in the financial statements and tax returns. Deferred income or enacted tax rates. There was a change in the South African enacted tax 28 % to 27 %, and the enacted statutory tax 27 %. The Company used 28 % for the years 30, 2022 and 2021, respectively. In establishing the appropriate deferred tax asset valuation allowances, the Company assesses the realizability of its deferred tax assets, and based on all available evidence, both positive tax assets or a portion thereof will be realized. Reserves for uncertain tax positions are recognized in the financial than not more amount of tax benefit that, in management’s judgement, is greater than 50% likely of being assessment expense and penalties in selling, general and administration in the consolidated The Company has elected the period cost method taxed income (“GILTI”) 2. Stock-based compensation Stock-based compensation represents the based compensation cost at straight-line basis (net of estimated forfeitures) over the requisite have a graded for the expense is recorded in deferred tax cost recognized and the Company’s deferred tax return are recorded in income tax expense in the consolidated statement Equity instruments issued to third parties Equity instruments issued cost at the grant date, based on the of estimated forfeitures) over number of result Company’s recognized for financial reporting purposes and the actual tax deduction reported on the Company’s the statement of operations. Settlement assets and settlement obligations The Company provides customers with cash management and digitization deposit cash into digital vaults (safe assets) operated by the Company, customers to either transfer to their nominated bank account or to Settlement assets comprise (1) cash received from merchant customers are suppliers, relationships transactions between various parties. Settlement nominated pre-selected suppliers, and (2) that are the Company’s customers and on whose behalf it processes the credit card companies to the Company’s The balances obligations. Recent accounting pronouncements adopted In Business Combinations These items are recognized at fair value guidance Revenue combination. The guidance material impact on the Company’s 2. Recent accounting pronouncements not yet adopted In Measurement . replaces requires consideration of a receivables, loans, and other incurred loss debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for guidance on its financial statements and related disclosures, but does In November Hedging accounting certain types guidance changes some effective and Hedging Other Measurement Instruments financial statements and related disclosures, but does not expect the impact on its financial |
Acquisitions
Acquisitions | 12 Months Ended |
Jun. 30, 2023 | |
Acquisitions [Abstract] | |
Acquisitions | 3. The Company did not make any acquisitions during the years ended June 30, 2023 and 2021. The cash related to the Company’s acquisition during 2022 Total cash paid $ 240,582 Less: cash acquired 38,423 Total cash paid, net (1) $ 202,159 (1) – represents the cash paid, net of cash acquired, to acquire a controlling 2023 None. 2022 April 2022 acquisition of Connect On October 31, 2021, the Company entered into a in (“Ovobix”), together with CCMS, Ovobix Company’s the outstanding equity interests and certain claims in Connect. The transaction The total 3.8 258.9 3.5 240.6 contingent 23.8 1.6 241.9 16.7 3,185,079 Company’s common stock. The contingent was consolidated balance 3,185,079 three tranches on 350.0 sum of $ 7.50 14.65165 . Refer to Note 14 for issuances during the $ 16.7 3,185,079 NasdaqGS of $ 5.23 . 3. 2022 April 2022 acquisition of Connect (continued) The authorities of South South entry into 2.4 provided by Rand Merchant Bank and satisfying the conditions precedent 1.1 the financing agreements described below and ZAR 1.3 ZAR 1.3 250 definitive loan agreements became effective upon closing the transaction The employment, increasing the spread and enterprise development. Further to increasing the ownership scheme 36 principles for the 3 % of the issued 1.8 24 implementation date of to 5 % of the issued shares, or approximately 3.0 the ESOP is established as of the date of the consolidated annual financial statements. The 6.0 acquisition of Connect. On acquisition, the Company recognized 50.3 acquisition acquisition, translated at the foreign exchange rates applicable on the date Connect April 2022 Cash and cash equivalents $ 38,423 Accounts receivable 24,032 Finance loans receivable 15,706 Inventory 11,431 Property, plant and equipment 20,872 Operating lease right of use asset 753 Equity-accounted investment 73 Goodwill 153,693 Intangible assets 179,484 Deferred income taxes assets 2,284 Short term facilities (16,903) Accounts payable (27,914) Other payables (4,793) Operating lease liability – current (434) Current portion of long – term borrowings - Income taxes payable (982) Deferred income taxes liabilities (50,255) Operating lease liability - long-term (319) Long-term borrowings (86,960) Settlement assets 13,561 Settlement liabilities (12,875) Fair value of assets and liabilities on acquisition $ 258,877 2021 Acquisitions None. |
Accounts Receivable, Net And Ot
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net | 12 Months Ended |
Jun. 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 | 4. ACCOUNTS RECEIVABLE, Accounts receivable, net and other receivables The Company’s table below: June 30, June 30, 2023 2022 Accounts receivable, trade, net $ 11,037 $ 13,904 Accounts receivable, trade, gross 11,546 14,413 Allowance for doubtful accounts receivable, end of period 509 509 Beginning of period 509 267 Reallocation to allowance for doubtful finance loans receivable (1) (418) - Reversed to statement of operations (31) (133) Charged to statement of operations 2,006 779 Utilized (1,646) (154) Foreign currency adjustment 89 (250) Loans provided to Carbon, net of allowance: 2022: $ 3,000 - - 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 14,628 14,994 Total accounts receivable, $ 25,665 $ 28,898 (1) Represents which was included in the allowance for doubtful accounts receivable as of Accounts receivable, from the record against the allowance for doubtful accounts receivable. 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 0.25 value of $ 3.0 0.75 0.75 million, refer to Note 9 for additional information. The loan 3.0 payment holiday terms as of June 30, 2022. In June 2021, the Company determined to create an allowance for 3.0 due to these circumstances and the ongoing operating losses incurred by Carbon. Investment in 7.625 % of Cedar Cellular 8.625 % notes represents the due to mature respectively was $ 0 No and 2021, respectively. the process of being extended beyond its original date of August 2022. The Company does not expect in Cell maturity. ($ 0.0 to be collected from the debt security by discounting these cash flows at the interest rate implicit in the security upon acquisition (at a rate of 24.82 %) because there are no future cash flows to discount. Other receivables also includes transactions-switching funds receivable of $ 3.3 4. ACCOUNTS RECEIVABLE, (continued) 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 June 30, June 30, 2023 2022 Microlending finance loans receivable, net $ 20,605 $ 20,058 Microlending finance loans receivable, gross 22,037 21,452 Allowance for doubtful finance loans receivable, end of period 1,432 1,394 Beginning of period 1,394 2,349 Reversed to statement of operations - (805) Charged to statement of operations 1,452 1,268 Utilized (1,214) (1,179) Foreign currency adjustment (200) (239) Merchant finance loans receivable, net 16,139 13,834 Merchant finance loans receivable, gross 18,289 14,131 Allowance for doubtful finance loans receivable, end of period 2,150 297 Beginning of period 297 - Reallocation from allowance for doubtful accounts receivable (1) 418 - Reversed to statement of operations (1,268) - Charged to statement of operations 3,068 442 Utilized - - Foreign currency adjustment (365) (145) Total finance $ 36,744 $ 33,892 (1) Represents which was included in the allowance for doubtful accounts receivable as of Total operations Certain merchant 12). During the year ended June 30, 2022, the Company adjusted its microlending finance loans receivable allowance provision from 10 % of the gross book to 6.5 % of the gross book as a in an improvement in the collection rate. |
Inventory
Inventory | 12 Months Ended |
Jun. 30, 2023 | |
Inventory [Abstract] | |
Inventory | 5. The Company’s inventory June 30, June 30, 2023 2022 Raw materials $ 2,819 $ 2,446 Work in progress 30 147 Finished goods 24,488 31,633 $ 27,337 $ 34,226 As of June 30, 2023 and 2022, finished goods includes $ 8.6 13.7 that was Cell C’s 2022, Cell C concluded its recapitalization process and the Company and Cell to 10 repurchased by Cell C will be calculated as ZAR 10 The Company continued to sell a minimum amount in support Connect through prevailing conditions 10 channel from month. The Company on the sale of the airtime. |
Fair Value Of Financial Instrum
Fair Value Of Financial Instruments | 12 Months Ended |
Jun. 30, 2023 | |
Fair Value Of Financial Instruments [Abstract] | |
Fair Value Of Financial Instruments | 6. Fair value of financial instruments 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 6. Risk management (continued) 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 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 Fair value transaction between liability. The not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including the Company’s own credit Fair value measurements and inputs are categorized into a on the one of the three levels which is determined by the lowest level input that is significant 6. Financial instruments (continued) These levels are: ● Level 1 – inputs are based upon unadjusted quoted prices for identical instruments ● Level 2 – inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in observable liabilities. ● Level participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and The following liabilities at fair value. Asset measured at fair value using significant unobservable inputs – investment The Company’s 75,000,000 provider in South Africa. its investment 0.0 0.0 June 30, 2023, and June 30, 2022, respectively. flow forecasts the 10 % to 20 % and 15 % to 24 % due shareholding percentage from 15 % to 5 % as well as current market conditions. The Company utilized the latest revised business plan provided Adjustments have been made to the WACC The following key valuation inputs were used as of June 30, 2023 and 2022: Weighted Average Between 20 % and 31 % over the period of the forecast Long-term growth rate: 4.5 % ( 3 % as of June 30, 2022) Marketability discount: 20 % ( 10 % as of June 30, 2022) Minority discount: 24 % ( 15 % as of June 30, 2022) Net adjusted external debt - June 30, 2023: (1) ZAR 8.1 0.4 Net adjusted external debt - June 30, 2022: (2) ZAR 13.5 0.8 (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 fair value sensitive to the following inputs: (i) the ability of Cell C to of capital these inputs, may result in a significantly higher or lower fair value measurement. The following table presents the impact on the carrying value of 1.0 % increase and 1.0 % decrease in the WACC rate and the rates applicable as of June 30, 2023: Sensitivity for fair value of Cell C investment 1.0% increase 1.0% decrease WACC $ - $ 616 EBITDA margin $ 1,196 $ - The fair value of 0 % of the Company’s these shares. volatility with respect to these shares particularly given the current situation of 6. Financial instruments (continued) 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 Derivative transactions - Foreign exchange option contracts The Company held a significant amount of U.S. dollars in early fiscal 2022 and intended to use a portion of these funds part of the purchase Accordingly, Merchant Bank division (“RMB”) in November 2021 be forwards, were over-the-counter derivative transactions (Level 2). RMB’s long prices in active markets for similar assets and liabilities to determine fair value The Company which determined the Company recorded a net gain of $ 3.7 6.1 2.4 . million unrealized loss of $ 2.4 to fair value adjustment to currency options in the Company’s consolidated statements of operations for the year ended June 30, 2022. 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, cash equivalents and restricted cash (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 6. Financial instruments (continued) 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) 371 - - 371 Fixed maturity investments (included in cash and cash equivalents) 1,196 - - 1,196 Total assets at fair value $ 1,567 $ - $ - $ 1,567 There have been no There was no 3, during the years ended June 30, 2023 value on a recurring basis, and categorized within Level 3, during the year Carrying value Assets Balance as of June 30, 2022 $ - Foreign currency adjustment (1) - Balance as of June 30, 2023 $ - (1) The on the carrying value. Summarized below is the movement in the carrying value of categorized within Level 3, during the year ended June 30, 2022: Carrying value Assets Balance as at June 30, 2021 $ - Foreign currency adjustment (1) - Balance as of June 30, 2022 $ - (1) The on the carrying value. Trade, finance loans and other receivables Trade, receivable. The fair value Trade and other payables The fair values of trade and other payables approximates their carrying amounts, due 6. Financial instruments (continued) Assets and liabilities measured at fair value on a nonrecurring basis The Company fair values of quoted market prices, market comparables, and discounted the recorded during the no basis. |
Property, Plant And Equipment,
Property, Plant And Equipment, Net | 12 Months Ended |
Jun. 30, 2023 | |
Property, Plant And Equipment, Net [Abstract] | |
Property, Plant And Equipment, Net | 7. Summarized below 2023 and 2022: June 30, June 30, 2023 2022 Cost Safe assets $ 19,229 $ 16,275 Computer equipment 35,158 32,814 Furniture and office equipment 7,508 7,549 Motor vehicles 2,070 3,195 Plant and machinery 45 15 64,010 59,848 Accumulated depreciation: Safe assets 4,353 939 Computer equipment 25,645 26,420 Furniture and office equipment 5,602 6,060 Motor vehicles 955 1,829 Plant and machinery 8 1 36,563 35,249 Carrying amount: Safe assets 14,876 15,336 Computer equipment 9,513 6,394 Furniture and office equipment 1,906 1,489 Motor vehicles 1,115 1,366 Plant and machinery 37 14 $ 27,447 $ 24,599 |
Leases
Leases | 12 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Leases | 8. The arrangements locations through which the a remaining one year five years . The locations which it leases for a period of less than one year . The Company’s 2.9 4.0 and $ 4.1 The Company to operate 2023, 2022 and 2021, was $ 4.2 4.9 4.1 8. The following liabilities as of June 30, 2023 and 2022: June 30, June 30, 2023 2022 Right-of-use assets obtained in exchange for lease obligations Weighted average 1.77 2.14 Weighted average 9.7 % 9.3 % Maturities of operating lease liabilities 2024 $ 2,123 2025 1,182 2026 873 2027 868 2028 767 Thereafter - Total undiscounted 5,813 Less imputed interest 928 Total operating lease liabilities, 4,885 Operating lease liability - current 1,747 Operating lease liability - long-term $ 3,138 |
Equity-Accounted Investments An
Equity-Accounted Investments And Other Long-Term Assets | 12 Months Ended |
Jun. 30, 2023 | |
Equity-Accounted Investments And Other Long-Term Assets [Abstract] | |
Equity-Accounted Investments And Other Long-Term Assets | 9. Equity-accounted investments The Company’s ownership percentage June 30, June 30, 2023 2022 Finbond Group Limited (“Finbond”) 28 % 29 % Sandulela Technology 49 % 49 % Carbon - % 25 % SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) 50 % 50 % Finbond As of June 30, 2023, 220,523,358 27.80 % of its issued and outstanding ordinary trading day 0.39 ZAR 86.0 4.6 things, its entire equity interest in Finbond as security for the South African facilities Sale of Finbond shares during the years ended The 25,456,545 22,841,030 respectively, and recorded a loss of $ 0.4 0.4 consolidated statement of operations for the years ended June 30, 9. Equity-accounted investments (continued) Finbond (continued) Sale of Finbond shares during the years ended The following table presents the 2022: Year 2023 2022 Loss on disposal of Finbond shares: Consideration received in cash $ 265 $ 865 Less: carrying value of Finbond shares sold (363) (630) Less: release of foreign currency translation reserve from accumulated comprehensive loss (252) (620) Add: release of stock-based compensation charge related 9 9 Loss on sale of Finbond shares $ (341) $ (376) Finbond impairments The Company impairment indicators as of September 30, 1.1 other-than-temporary Company’s Finbond 80 % between them. The 25 % to the September 30, 0.49 . 15 % impairment 25 % observed on the JSE. Finbond impairments Finbond published its pandemic on its reported results during that reporting period. due to a slow-down in its lending activities. Finbond at a slower pace compared with the year end (February 2020) to September 30, 2020, and the weakness in its traded share The indicators. The recorded 16.8 decrease in Finbond’s value, which represented the difference between the and the three 90 % of its issued and outstanding value per share for Finbond by applying a liquidity discount of 15 % to the September 30, 2020, Finbond closing price of ZAR 1.04 . The Company performed a further decline 0.8 million represented the difference between the determined fair value of the Company’s interest in Finbond and the Company’s (before the 15 % to the December 31, 0.99 . The 17.7 million. 9. Equity-accounted investments (continued) Finbond (continued) August 2023 agreement to sell our entire On agreement with Finbond to sell 64.2 3.4 exchange rates 0.2911 regulatory and transaction will lapse. Carbon In September BV”), 25 %, Etobicoke for $ 0.5 3 0.75 interest and 0 shares purchased as security for the amounts outstanding under the binding term The Company received $ 0.25 (i) $ 0.25 0.75 in the Company has allocated the $ 0.25 of the equity interest and then to the loans. 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 generate taxable income. Bank Frick Sale of entire interest in On February 3, 2021, sales agreement 35 %, in Bank 30 Lesaka and certain entities within the which activities with Bank Frick 3.6 15.0 comprised $ 18.6 3.6 related to IPG’s activities with Bank Frick. 9. Equity-accounted investments (continued) Bank Frick (continued) Sale of entire interest in The Company included the $ 18.6 3.6 operating activities in the consolidated statement of cash flows for the year The outstanding balance due by KFS was expected to be paid 7.5 in the caption accounts receivable, net and other receivables in the the remaining 3.9 caption other parties entered amounts outstanding under the share sales agreement. The Company incurred transaction costs of approximately $ 0.04 on disposal of Bank Frick on February 3, 2021 February 2021 Loss on sale of Bank Frick: Consideration received in cash on February 3, 2021 $ 18,600 Consideration received with note on February 3, 2021, refer to (Note 4) 11,400 Less: transaction costs (42) Less: carrying value of Bank Frick (32,892) Add: release of foreign currency translation reserve from accumulated other 2,462 Loss on sale of Bank Frick (1) $ (472) (1) The Company consideration received. The Company does not believe that it will be able to utilize any capital loss, does not own any other capital assets and has since been deregistered. V2 Limited The carrying 0.7 continued to experience to recover its carrying value in V2 0.5 year ended June 30, 2021. The Company sold its investment in V2 The 5.0 achievement of certain pre-defined objectives, and in June 2020 it provided $ 0.5 the Company and 5.0 1.5 remaining available $ 1.0 $ 1.5 outstanding as of June 30, 2023. DNI On March 31, 2020, the Company sold its remaining interest in DNI, an investment accounted for using the date of disposal, to DNI for ZAR 99.2 5.5 issue of 18 monthly installments of 5.5 0.3 October 31, 0.3 5.7 October 26, 2020, for total receipts of $ 6.0 Walletdoc In November 2020, the Company’s repay the loan due to Net1 SA in full and Net1 SA agreed to dispose of its entire interest in 9. Equity-accounted investments (continued) Summarized includes the investment in equity and the investment in loans provided Finbond Other (1) Total Investment in equity Balance as of June 30, 2021 $ 9,822 $ 182 $ 10,004 Stock-based compensation 14 - 14 Comprehensive loss: (2,426) (139) (2,565) Other comprehensive income 1,239 - 1,239 Equity accounted (loss) earnings (3,665) (139) (3,804) Share of net (loss) income (3,665) 16 (3,649) Impairment - (155) (155) Sale of shares in equity-accounted investment (630) - (630) Equity-accounted investment acquired in business combination - 74 74 Foreign currency adjustment (2) (1,020) (16) (1,036) Balance as of June 30, 2022 5,760 101 5,861 Stock-based compensation 28 - 28 Comprehensive (loss) income: (1,271) 89 (1,182) Other comprehensive income 3,935 - 3,935 Equity accounted (loss) earnings (5,206) 89 (5,117) Share of (loss) net income (4,096) 89 (4,007) Impairment (1,110) - (1,110) Dividends received - (42) (42) Sale of shares in equity-accounted investment (506) - (506) Foreign currency adjustment (2) (971) (17) (988) Balance as of June 30, 2023 $ 3,040 $ 131 $ 3,171 Investment in loans: Balance as of June 30, 2021 $ - $ - $ - Foreign currency adjustment (2) - - - Balance as of June 30, 2022 - - - Loans repaid - (112) (112) Loans granted - 112 112 Foreign currency adjustment (2) - - - Balance as of June 30, 2023 $ - $ - $ - Equity Loans Total Carrying amount as of : June 30, 2022 $ 5,861 $ - $ 5,861 June 30, 2023 $ 3,171 $ - $ 3,171 (1) Includes Carbon, (2) The foreign against the U.S. dollar on the carrying value. 9. Equity-accounted investments (continued) Summary financial information of equity-accounted investments Summarized which investments were carried using the equity-method, unless otherwise noted) translated at the applicable closing or average foreign exchange rates Finbond (1) Bank Frick (2) Other (3) Balance sheet, as of February 28 June 30 Various Current assets (4) 2023 $ n/a $ n/a $ 3,601 2022 n/a n/a 23,207 Long-term assets 2023 269,428 n/a 1 2022 300,253 n/a 4,933 Current liabilities (4) 2023 n/a n/a 3,007 2022 n/a n/a 26,324 Long-term liabilities 2023 209,855 n/a 7 2022 234,154 n/a 5,733 Non-controlling interest 2023 16,414 n/a - 2022 11,781 - - Statement of operations, for the period ended February 28 June 30 (2) Various Revenue 2023 88,305 n/a 4,908 2022 80,656 n/a 4,100 2021 95,847 35,641 6,420 Operating (loss) income 2023 (20,941) n/a 219 2022 (21,017) n/a 984 2021 (18,980) 3,860 (2,406) (Loss) Income from continuing operations 2023 (19,780) n/a 184 2022 (18,379) n/a 657 2021 (15,466) 3,303 (2,534) Net (loss) income 2023 (15,858) n/a 184 2022 (16,432) n/a 657 2021 $ (17,889) $ 3,303 $ (2,534) (1) Finbond balances included were derived from its publicly available information (2) Bank Frick 2020 to January 31, 2021, and the full twelve months for fiscal 2020. (3) Includes Carbon, SmartSwitch Namibia, Carbon, for Carbon, SmartSwitch Namibia, Revix, and V2 for the year ended June 30, (4) Bank Frick and Finbond are banks and do not present current and these two entities are included under the long-term caption; 9. Other long-term assets Summarized below is the breakdown of other long-term assets as of June 30, June 30, June 30, 2023 2022 Total equity investments $ 76,297 $ 76,297 Investment in 10 % (June 30, 2022: 10 %) of MobiKwik (1) 76,297 76,297 Investment in 5 % of Cell C (June 30, 2022: 15 %) at fair value (Note 6) - - Investment in 87.50 87.50 (1)(2) - - Policy holder assets under investment contracts (Note 11) 257 371 Reinsurance assets under insurance contracts (Note 11) 1,040 1,424 Total other long-term $ 77,594 $ 78,092 (1) record these investments transactions for the identical or a similar investment of the same issuer. (2) On October 16, 2020, MobiKwik The Company networks and buy now of up to $ 40.0 24 -month period. The Company made an 15.0 and a 10.6 Company paid $ 1.1 Company owned approximately 10 % of MobiKwik’s issued share capital. In October 20 310,781 cumulative 6,215,620 investment during the years ended June 30, 2023 and 2022, respectively, and therefore there was no change in the fair value of MobiKwik during these years. During the year additional capital through the issuance of additional shares. Specifically, the Company used the following transactions as the basis for its fair value 135.54 ($ 6.78 170.33 8.52 245.50 12.28 conversion) per share. The Company considered for similar adjustment to 15.1 27.0 42.1 December 31, 2020. The investment in 10.8 42.1 52.9 2021 valuation 24.0 $ 52.9 76.3 $ 49.3 year ended June 30, 2021. Cell C On 75,000,000 aggregate purchase price of ZAR 2.0 151.0 cash and a African issuance of additional equity instruments by Cell C. The Company’s effective percentage holding in Cell C’s equity 15 % to 5 % following the recapitalization. The Company’s information regarding changes in the fair value of Cell C. 9. Other long-term assets (continued) CPS The Company owned 87.5 % of CPS’ issued share capital. Revix In February 2022, 0.7 not consider investment to 0 0.7 securities in the Company’s Summarized below 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 Summarized below are the components of the Company’s maturity investments as of June 30, 2022: 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 | 12 Months Ended |
Jun. 30, 2023 | |
Goodwill And Intangible Assets, Net [Abstract] | |
Goodwill And Intangible Assets, Net | 10. Goodwill Summarized below is the movement in the carrying value of goodwill Gross value Accumulated impairment Carrying value Balance as of July 1, 2020 $ 63,194 $ (39,025) $ 24,169 Liquidation of subsidiaries (2) (26,629) 26,629 - Foreign currency adjustment (1) 6,384 (1,400) 4,984 Balance as of June 30, 2021 42,949 (13,796) 29,153 Acquisition of Connect (Note 3) (3) 153,693 - 153,693 Foreign currency adjustment (1) (21,166) 977 (20,189) Balance as of June 30, 2022 175,476 (12,819) 162,657 Impairment loss - (7,039) (7,039) Foreign currency adjustment (1) (22,857) 982 (21,875) Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 (1) – The against the U.S. dollar on the carrying value. (2) – The Company deconsolidated the year ended June 30, 2021. (3) – Represents date the transaction became effective. This goodwill has been . Goodwill Connect goodwill net assets. Impairment loss The Company assesses the carrying circumstances change indicating Except as discussed below, no Year ended The Company 7.0 allocated reassessment hardware devices which incorporate environment operations for the year ended June 30, 2023. In order to determine the assets and liabilities were compared to the carrying in order business’ assets and liabilities exceeded their fair value at the reporting date. In the event that there is a deterioration in the Company’s operating segments, or in any other of the Company’s may lead to additional impairments by Company also may not or other operating additional impairments in future periods. 10. Goodwill (continued) Goodwill has been allocated to the Company’s Consumer Merchant Carrying value Balance as of July 1, 2020 $ - $ 24,169 $ 24,169 Liquidation of subsidiaries - - - Foreign currency adjustment (1) - 4,984 4,984 Balance as of June 30, 2021 - 29,153 29,153 Acquisition of Connect (Note 3) - 153,693 153,693 Foreign currency adjustment (1) - (20,189) (20,189) Balance as of June 30, 2022 - 162,657 162,657 Impairment loss - (7,039) (7,039) Foreign currency adjustment (1) - (21,875) (21,875) Balance as of June 30, 2023 $ - $ 133,743 $ 133,743 (1) – against the U.S. dollar on the carrying value. Intangible assets Intangible assets acquired Summarized below acquisition dates, and the weighted-average amortization period: Fair value as of acquisition date Weighted-average amortization period (in years) Finite-lived intangible asset: Acquired during the year ended June 30, 2022: Connect – integrated platform $ 142,981 10 Connect – customer relationships 20,516 8 Connect –brands $ 15,987 10 Impairment loss The Company indicating that the carrying amount of the intangible asset may not be recoverable. No years ended June 30, 2023, 2022 and 2021, respectively. Summarized below is the carrying value and accumulated amortization of the intangible assets as of June 30, 2023, and June 30, 2022: As of June 30, 2023 As of June 30, 2022 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships (1) $ 24,978 $ (11,565) $ 13,413 $ 26,937 $ (9,140) $ 17,797 Software, integrated platform and unpatented technology (1) 110,906 (13,711) 97,195 127,785 (3,075) 124,710 FTS patent 2,034 (2,034) - 2,352 (2,352) - Brands and trademarks (1) 13,852 (2,863) 10,989 16,018 (1,823) 14,195 Total finite-lived intangible assets $ 151,770 $ (30,173) $ 121,597 $ 173,092 $ (16,390) $ 156,702 (1) 2022 balances include the intangible assets acquired as part of the 10. Intangible assets (continued) Carrying value and amortization of intangible assets (continued) Aggregate approximately $ 15.0 3.8 0.4 , respectively. Future estimated annual amortization expense for the next five on June result of acquisitions, changes in useful lives, exchange rate fluctuations and other Fiscal 2023 $ 14,362 Fiscal 2024 14,364 Fiscal 2025 14,364 Fiscal 2026 14,310 Fiscal 2027 14,278 Thereafter 49,919 Total future $ 121,597 |
Assets And Policyholder Liabili
Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 12 Months Ended |
Jun. 30, 2023 | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts | 11. Reinsurance assets and policyholder liabilities under insurance contracts Summarized below is the movement in reinsurance assets and policyholder liabilities under ended June 30, 2023 and 2022: Reinsurance Assets (1) Insurance contracts (2) Balance as of July 1, 2021 $ 1,298 $ (2,011) Increase in policy holder benefits under insurance contracts 2,087 (9,540) Claims and policyholders’ benefits under insurance contracts (1,782) 9,336 Foreign currency adjustment (3) (179) 260 Balance as of June 30, 2022 1,424 (1,955) Increase in policy holder benefits under insurance contracts 785 (5,833) Claims and policyholders’ benefits under insurance contracts (986) 5,928 Foreign currency adjustment (3) (183) 260 Balance as of June 30, 2023 $ 1,040 $ (1,600) (1) Included in other long-term assets (refer to Note 9); (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 large insurance contracts, however, the reinsurer is unable to meet its obligations, the Company retains the liability. the best offered, namely related to claim reporting delays (based on average industry experience). 11. (continued) Assets and policyholder liabilities under investment contracts Summarized below is the movement in assets 30, 2023 and 2022: Assets (1) Investment contracts (2) Balance as of July 1, 2021 $ 381 $ (381) Increase in policy holder benefits under investment contracts 16 (16) Foreign currency adjustment (3) (26) 48 Balance as of June 30, 2022 371 (349) Increase in policy holder benefits under investment contracts 6 (6) Claims and decrease in policyholders’ benefits under investment contracts (69) 69 Foreign currency adjustment (3) (51) 45 Balance as of June 30, 2023 $ 257 $ (241) (1) Included in other long-term assets (refer to Note 9); (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 | 12 Months Ended |
Jun. 30, 2023 | |
Borrowings [Abstract] | |
Borrowings | 12. South Africa The amounts below have been translated at exchange rates applicable as of RMB Facilities, as amended, comprising a short-term facility (Facility E) and On July 21, and investment investment bank (collectively, the “Lenders”). Facilities G and H, which were obtained to finance the acquisition of Connect (refer to Note 3). Facilities A, B, C, D and F have been repaid and cancelled. As of June E, an overdraft facility. Available short-term facility - On overdraft facility of up to ZAR 1.5 79.6 in the Company’s 1.2 63.7 exchange rates applicable as Amendment to increase Facility 1.2 1.4 74.3 of June 30, 2023). Interest on the overdraft facility the final maturity date based on the South African month of utilization and 90 % of the 25 days . The overdraft facility by Lesaka SA of, among other things, cash and certain bank accounts utilized in the Company’s ATM Lesaka Limited, and approximately ZAR 0.4 23.0 therefore the overdraft June 30, 2023, was 11.75 %. 12. South Africa (continued) RMB Facilities, as amended, comprising a short-term facility (Facility E) and Long-term borrowings - Facility G and Facility H On March includes, among other agreements, an Amended and Facility G Agreement (“Facility (collectively, company incorporated party to ZAR 708.6 508.6 200 Pursuant to the Facility H Agreement, Lesaka SA may borrow up to an aggregate 357.4 The Loan restrict the ability of Lesaka, Lesaka SA, and certain of its subsidiaries to make prepay business combinations and engage in other corporate activities. The to the asset cover 90 % of the book the Lesaka Financial Service Proprietary Limited (formerly known as Moneyline Financial Service Proprietary Limited) and to deduct the net debt Proprietary Limited (“K2021”) from the respective CCMS and value of the aggregate of the CCMS Equity Value be at least 50 K2021 Equity Value 50 aggregate of the CCMS Equity Value and the K2021 Equity Value 50 include the removal of a requirement to maintain a minimum group cash balance. Interest on (“JIBAR”) in effect from 5.50 % for as long as the aggregate balance 800 4.25 % if the aggregate equal to or less than ZAR 800 350 2.50 % if the aggregate balance under the Facilities is less than 350 date, provided that the sum of the outstanding facility (including interest and fees) plus any accrued interest does not exceed 1.2 of the was 8.5 % on June 30, 2023. Lesaka SA will pay a quarterly commitment fee computed at a rate of 35 % of the Applicable Margin (as defined in the CTA) on the amount of the revolving credit facility outstanding above. The Facilities are repayable in full on or before December 31, 2025. The then acquisition 11.25 5.25 million to the Lenders related to Facility G and Facility H, respectively. The Facility H and Value the closing price 3.250 to maintain an asset cover ratio above 5.00 :1.00, calculated as the total VCP investment fund net H agreement) divided by the Facility H borrowings outstanding, measured as of March, June, September and December each year (as applicable) (each a of each applicable Measurement Date, which shows the computation 12. South Africa (continued) Connect Facilities, comprising long-term borrowings and a short-term facility On March 22, 2023, among other Facilities Agreement was 200.0 to ZAR 550.0 been amended, with the first scheduled repayment commencing from As of June 30, 205.0 which ZAR 170.0 700.0 550.0 utilized); and (iv) an asset-backed facility of ZAR 200.0 149.1 In February 2023, the Company, 175.0 period of four months four equal monthly instalments of ZAR 43.8 obtained a ZAR 155.0 one month of prepaid airtime vouchers. This temporary increase was repaid in full in June 2023. Interest at the South Africa prime rate less 0.1 % was payable on a monthly basis on both of these temporary facilities. CCMS paid a non-refundable structuring fee of approximately ZAR 5.5 Facility A and Facility backed facility is payable quarterly in arrears based on prime in effect Borrowings under shares, its customary covenants that require CCMS to maintain specified debt service, interest CCC Revolving Credit Facility, comprising On (“CCC”), entered into within the Connect Group of companies listed therein, as guarantors. The transaction The CCC Loan Document contains adequacy ratio, restrict the ability of the entities to make certain distributions with respect to their capital stock, incur additional indebtedness, make investments, engage in certain business Pursuant 300.0 Facility”) for the sole purposes of funding CCC’s to ZAR 35.0 costs. The Revolving further growth of the obtained from credit facility entered into between 10.0 and will become due and payable should there be any default on any of K2020’s Interest on African prime rate in effect from time to time plus a margin 0.95 % per annum. The Company 1.7 0.1 taxation, to the Lenders on closing. As of June 30, 2023, the amount of the CCC 300.0 222.3 been utilized). 12. South Africa (continued RMB facility, comprising indirect facilities As of ZAR 135.0 7.2 30, 2023 33.1 1.8 5.1 0.3 million), respectively, 135.0 135.0 bank to issue guarantees, letters of credit and forward exchange contracts (refer Nedbank facility, comprising short-term facilities As of June 30, 2023, the aggregate amount of ZAR 156.6 8.3 156.6 8.3 million), which include guarantees, letters of credit and forward exchange On November 2, 2020, the Company amended its short-term indirect 150.0 159.0 Company facilities component of the facility 159.0 157.0 50 facility. During the year ended June 30, 2022, 251.0 13.0 which was used to fund mobile ATMs The Company (the general banking Nedbank and also provided a cession of Lesaka SA’s as they may not be withdrawn without the express permission of Nedbank. The short-term facility Nedbank against any amounts owed to Nedbank under the facility. As of June 30, 2023 and June 30, 2.1 0.1 92.1 million ($ 5.7 156.6 156.6 to enable the bank to issue guarantees, letters of credit and forward exchange On June 30, 60.0 2022, it was replaced with a ZAR 28.0 able to release 60.0 guarantee issued by Nedbank, and the ZAR 28.0 12. Movement in short-term credit facilities Summarized below are the Company’s short-term facilities as of June 30, 2023, and the movement in the Company’s facilities from as of June 30, 2022 to as of June 30, 2023: RMB RMB RMB Nedbank Facility E Indirect Connect Facilities Total Short-term facilities available as of June 30, 2023 $ 74,319 $ 7,167 $ 10,882 $ 8,311 $ 100,679 Overdraft - - 10,882 - 10,882 Overdraft restricted as to use for ATM funding only 74,319 - - - 74,319 Indirect and derivative facilities - 7,167 - 8,311 15,478 Movement in utilized overdraft facilities: Balance as of June 30, 2021 14,245 - - - 14,245 Facilities acquired in transaction - - 16,903 - 16,903 Utilized 563,588 - 5,929 1,345 570,862 Repaid (517,948) - (6,189) (1,322) (525,459) Foreign currency adjustment (1) (8,547) - (1,763) (23) (10,333) Balance as of June 30, 2022 51,338 - 14,880 - 66,218 Restricted as to use for ATM funding only 51,338 - - - 51,338 No restrictions as to use - - 14,880 - 14,880 Utilized 501,603 - 18,462 - 520,065 Repaid (524,766) - (22,505) - (547,271) Foreign currency adjustment (1) (5,154) - (1,812) - (6,966) Balance as of June 30, 2023 23,021 - 9,025 - 32,046 Restricted as to use for ATM funding only 23,021 - - - 23,021 No restrictions as to use - - 9,025 - 9,025 Interest rate as of June 30, 2023 (%) (2) 11.7500 - 11.6500 - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2021 - - - 5,398 5,398 Utilized - - - 4,009 4,009 Foreign currency adjustment (1) - - - 1,540 1,540 Balance as of June 30, 2022 - 313 - 5,654 10,947 Guarantees cancelled (3) - - - (5,017) (5,017) Utilized - 1,561 - - 1,561 Foreign currency adjustment (1) - (117) - (525) (642) Balance as of June 30, 2023 $ - $ 1,757 $ - $ 112 $ 6,849 (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 %. (3) Represents 90 5.0 required due the reduction in the volume and value of transactions processed. 12. Movement in long-term borrowings Summarized below is the movement in the Company’s Facilities G & H A&B CCC/ K2020 Asset backed Total Opening balance as of June 30, 2021 $ - $ - $ - $ - $ - Facilities acquired in transaction - 72,318 9,772 4,870 86,960 Facilities utilized 77,069 - 472 1,310 78,851 Facilities repaid (4,492) - (933) (156) (5,581) Non-refundable fees paid (1,307) - - - (1,307) Non-refundable fees amortized 196 18 37 - 251 Foreign currency adjustment (1) (8,112) (7,864) (1,002) (550) (17,528) Included in current - 4,604 - 2,200 6,804 Included in long-term 63,354 59,868 8,346 3,274 134,842 Opening balance as of June 30, 2022 63,354 64,472 8,346 5,474 141,646 Facilities utilized - 10,947 7,377 6,031 24,355 Facilities repaid (10,543) (2,151) (2,149) (2,669) (17,512) Non-refundable fees paid (500) - (100) - (600) Non-refundable fees amortized 762 57 44 - 863 Capitalized interest 5,078 - - - 5,078 Capitalized interest repaid (514) - - - (514) Foreign currency adjustment (1) (8,672) (8,889) (1,716) (921) (20,198) Closing balance as of June 30, 2023 48,965 64,436 11,802 7,915 133,118 Included in current - - - 3,663 3,663 Included in long-term 48,965 64,436 11,802 4,252 129,455 Unamortized fees (598) (223) (65) - (886) Due within 2 years - - - 3,005 3,005 Due within 3 years 49,563 3,317 11,867 1,149 65,896 Due within 4 years - 7,300 - 98 7,398 Due within 5 years $ - $ 54,042 $ - $ - $ 54,042 Interest rates as of June 30, 2023 (%): 14.00 12.25 12.70 12.50 Base rate (%) 8.50 8.50 11.75 11.75 Margin (%) 5.50 3.75 0.95 0.75 Footnote number (2)(3)(4) (5) (6) (7) ( 1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Prior time plus a margin 3.00 % per annum until January 2.50 % per annum if the Facility G balance outstanding 250.0 3.00 % per annum 250.0 million to 450.0 3.50 % per 450.0 increase by a further 2.00 % per annum in the event of default (as defined in the Loan Documents). (3) Prior to the amendment in of 2.00 % per annum which increases by a further 2.00 % per annum in the event of default (as defined in the Loan Documents). (4) Interest on Facility January 1, 2023: 5.50 % for as 800 4.25 % if the balance under the Facilities is 800 350 2.50 % if the aggregate under the Facilities is less than ZAR 350 (5) Interest on Facility A and Facility B is calculated based on JIBAR plus a margin, of 3.75 %, in effect from time to time. (6) Interest is charged at prime plus 0.95 % per annum on the utilized balance. (7) 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 caption interest on 13.1 2.3 respectively. There no interest expense during the years 0.8 0.2 no facility fee relates 1.4 million 0.2 statement of operations for the years ended June 30, 2023 and 2022, respectively. |
Other Payables
Other Payables | 12 Months Ended |
Jun. 30, 2023 | |
Other Payables [Abstract] | |
Other Payables | 13. Summarized below is the breakdown of other payables as of June 30, June 30, June 30, 2023 2022 Accruals $ 7,078 $ 9,948 Provisions 7,429 7,365 Payroll-related payables 1,038 1,306 Participating merchants' settlement obligation 39 114 Value 1,247 845 Vendor - 1,459 Other 19,466 13,325 $ 36,297 $ 34,362 Other includes transactions-switching funds payable, deferred income, client |
Common Stock
Common Stock | 12 Months Ended |
Jun. 30, 2023 | |
Common Stock [Abstract] | |
Common Stock | 14. Common stock Holders of shares of Lesaka’s common stock are entitled to receive dividends and other distributions when declared by Lesaka’s board of Florida Business Corporation Act, including as they become due in holders of preferred scheduled installment payment provisions relating to shares paid and non-assessable. Each holder of on by shareholders. Holders and ratably in the dividends that may be declared by the board of directors, but only after payment of dividends required to be paid on outstanding shares of preferred stock according to its terms. The shares of Issue of shares to Connect sellers pursuant to April 2022 transaction The total purchase consideration pursuant to the Connect 3,185,079 common stock. These shares of three of the April 14, 2022 closing. The Company legally issued 1,061,693 Connect sellers in April 2023, and this had no impact on the of changes during the year ended June 30, 2023 because the 3,185,079 of June 30, 2022, and 2023, respectively. Impact of non-vested equity shares on number of shares, The Company’s changes in Note presents a reconciliation and the 2023, 2022 and 2021: 2023 2022 2021 Number of shares, net of treasury: Statement of changes in equity – common stock 63,640,246 62,324,321 56,716,620 Less: Non-vested equity shares that have not vested as of end of year (Note 2,614,419 2,385,267 384,560 Number of shares, net of treasury excluding non-vested equity shares that have not vested 61,025,827 59,939,054 56,332,060 14. Redeemable common stock issued pursuant to transaction with the IFC Investors Holders of redeemable common common “Subscription Agreement”) IFC Subscription Agreement, 9.98 the 0.001 10.79 approximately $ 107.7 9.98 put option discussed below. On May 2,103,169 stock and 2,103,169 Company reclassified $ 22.7 2,103,169 during the year ended June 30, 2020. On August 19, 202 Exchange 514,376 Company’s 514,376 shares, 5.6 514,376 additional paid-in-capital during the year ended June 30, 2022. Previously reported periods were not amended because the transaction only impacted equity. The Company has entered Policy Agreement are described below. Board Rights For so long as the IFC Investors in aggregate beneficially own shares representing at least 5 % of the Company’s common stock, the IFC Investors will have the right to nominate one director to the Company’s board of directors. For so long as the IFC Investors in aggregate beneficially 2.5 % of the to appoint designate, a director. Put Option Each IFC Investor will have all of the shares preemptive rights complaint alleging, a court judgment finding or an indictment alleging that the Company (a) engaged in specified corrupt, coercive, collusive or obstructive practices; (b) entered into transactions with targets of economic sanctions; or (c) failed to operate its business in compliance with anti-money laundering and anti-terrorism laws; or (2) the Company rejecting a bona fide offer to acquire all of its outstanding Common Stock at a time when it has in place or implements a shareholder rights plan, or adopting a shareholder rights plan triggered by a beneficial ownership twenty price per and the 60 respect to a put right triggered by rejection of a bona fide offer, the put price per share will be the highest price offered The Company believes that the statements. Registration Rights The Company has agreed common stock, including filing a resale shelf registration statement and Preemptive Rights For so long as the IFC Investors hold in 5 % of the outstanding shares of common stock of will have the right to purchase its pro-rata share of new issuances of securities by the Company, 14. Common stock repurchases Executed under share repurchase authorizations On repurchase 100 authorization will be and subject to price and other internal limitations established by cash. assurance terminated or factors that management deems appropriate. no t repurchase any of its shares during under 352,994 additional information no t repurchase 30,, |
Accumulated Other Comprehensive
Accumulated Other Comprehensive (Loss) Income | 12 Months Ended |
Jun. 30, 2023 | |
Accumulated Other Comprehensive (Loss) Income [Abstract] | |
Accumulated Other Comprehensive (Loss) Income | 15. The table below June 30, 2023, 2022 and 2021: Accumulated foreign currency translation reserve Total Balance as of July 1, 2020 $ (169,075) $ (169,075) Release of foreign currency translation reserve: the disposal of Bank Frick (2,462) (2,462) Release of foreign currency translation reserve: liquidation of subsidiaries 605 605 Movement in foreign currency translation reserve related to equity-accounted investment (1,967) (1,967) Movement in foreign currency translation reserve 27,178 27,178 Balance as of July 1, 2021 (145,721) (145,721) Release of foreign currency translation reserve: disposal of Finbond (Note 9) 587 587 Release of foreign currency translation reserve: liquidation of subsidiaries 468 468 Movement in foreign currency translation reserve related to equity-accounted investment 1,239 1,239 Movement in foreign currency translation reserve (25,413) (25,413) Balance as of July 1, 2022 (168,840) (168,840) Release of foreign currency translation reserve: disposal of Finbond (Note 9) 362 362 Movement in foreign currency translation reserve related to equity investment 3,935 3,935 Movement in foreign currency translation reserve (31,183) (31,183) Balance as of June 30, 2023 $ (195,726) $ (195,726) During 0.4 (accumulated foreign currency translation reserve) to net loss related to the disposal of shares in Finbond (refer to Note 9). During the year ended 0.6 currency translation reserve) 2021, the translation reserve) to 2.5 0.6 liquidation of subsidiaries. |
Revenue
Revenue | 12 Months Ended |
Jun. 30, 2023 | |
Revenue [Abstract] | |
Revenue | 16. The Company platform for secure payment technology. The processing and issuing services for all major payment networks. In South Africa, the Company provides innovative low-cost financial inclusion products, including banking, lending and insurance. Disaggregation of revenue Certain revenue from the Company’s not been allocated to the Company’s current reportable operating segments ended June 30, 2021. The segments for the year ended June 30, 2023: Merchant Consumer Unallocated Total Processing fees $ 111,281 $ 26,159 $ 1,469 $ 138,909 South Africa 105,957 26,159 1,469 133,585 Rest of world 5,324 - - 5,324 Technology 19,017 1,253 - 20,270 South Africa 18,780 1,253 - 20,033 Rest of world 237 - - 237 Telecom products 322,756 45 - 322,801 South Africa 306,093 45 - 306,138 Rest of world 16,663 - - 16,663 Lending revenue - 19,504 - 19,504 Interest from customers 5,778 - - 5,778 Insurance revenue - 9,677 - 9,677 Account holder fees - 5,610 - 5,610 Other 4,869 553 - 5,422 South Africa 4,680 553 - 5,233 Rest of world 189 - - 189 Total revenue, derived locations 463,701 62,801 1,469 527,971 South Africa 441,288 62,801 1,469 505,558 Rest of world $ 22,413 $ - $ - $ 22,413 16. The segments for the year ended June 30, 2022: Merchant Consumer Total Processing fees $ 55,752 $ 28,982 $ 84,734 South Africa 48,305 28,982 77,287 Rest of world 7,447 - 7,447 Technology 25,891 277 26,168 South Africa 25,826 277 26,103 Rest of world 65 - 65 Telecom products 69,603 - 69,603 Lending revenue - 21,573 21,573 Interest from customers 1,121 - 1,121 Insurance revenue - 8,530 8,530 Account holder fees - 5,838 5,838 Other 4,310 732 5,042 South Africa 4,259 732 4,991 Rest of world 51 - 51 Total revenue, derived 156,677 65,932 222,609 South Africa 149,114 65,932 215,162 Rest of world $ 7,563 $ - $ 7,447 The segments for the year ended June 30, 2021: Merchant Consumer Unallocated Total Processing fees $ 29,585 $ 32,042 $ 1,693 $ 63,320 South Africa 27,960 32,042 - 60,002 Rest of world 1,625 - 1,693 3,318 Technology 18,683 331 - 19,014 Telecom products 13,422 - - 13,422 Lending revenue - 20,672 - 20,672 Insurance revenue - 6,605 - 6,605 Account holder fees - 5,342 - 5,342 Other 1,254 1,157 - 2,411 Total revenue, derived locations 62,944 66,149 1,693 130,786 South Africa 61,319 66,149 - 127,468 Rest of world $ 1,625 $ - $ 1,693 $ 3,318 |
Stock-Based Compensation
Stock-Based Compensation | 12 Months Ended |
Jun. 30, 2023 | |
Stock-Based Compensation [Abstract] | |
Stock-Based Compensation | 17. Amended and Restated Stock Incentive Plan On September 7, 2022, Incentive Stock Incentive Plan (“2022 2,500,000 ; (2) extending clarified that payment included mandatory application of related to the “performance based No evergreen provisions are included in the 2022 Plan. This means that the maximum number of Plan is fixed stock repricing of awards or the implementation of any award exchange program. The Plan permits Lesaka to grant to its employees, directors and consultants incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, performance-based awards Committee of the Company’s Board The total number 13,552,580 . The maximum stock options, stock appreciation rights year 600,000 available for the grant of awards under the 2022 Plan, as well as shares that are delivered to us by the holder to pay withholding taxes or as payment for with awards account events, the 2022 Plan or reserved pursuant to the plan or outstanding awards, the maximum number of shares for awards, 2032, but awards granted on or before such date may extend to later dates. Options General Terms of Option awards are generally granted with an exercise price equal to the market price of the Company's stock at the date of grant, with vesting conditioned upon the recipient’s continuous service through the applicable vesting date and expire 10 of grant. The options generally become exercisable in accordance with a three years date of grant. The Company issues new shares to satisfy stock option award exercises but may Valuation The assumptions 750 -day volatility. The options with similar terms. No assumptions used to value options granted during the years ended June 30, 2022 2022 2021 Expected volatility 50 % 62 % Expected dividends 0 % 0 % Expected life (in years) 3.0 2.8 Risk-free rate 1.61 % 0.19 % 17. Amended and Restated Stock Incentive Plan (continued) Restricted Stock General Terms of Shares of restricted stock are for the to transfer any unvested receive non-forfeitable three year circumstances, the achievement of certain performance targets, Recipients agreements. These other reinvested in additional shares of common stock, which in either case shall be subject to the same restrictions as the underlying award or such other restrictions as the Remuneration of any any reason, the Committee. The Company issues new shares to satisfy restricted stock awards. Valuation The fair value Select Market on the date of grant. Forfeiture of 150,000 shares In August 2017, the Remuneration Committee approved an award 210,000 shares of restricted condition and would vest common stock must equal or exceed certain agreed VWAP the date that (2) the recipient not satisfied, then 23.00 an approximate 35 % increase, compounded annually, 9.38 price on August 23, 2017. The VWAP ● Below $ 15.00 0 % ● At or above $ 15.00 19.00 — 33 % ● At or above $ 19.00 23.00 — 66 % ● At or above $ 23.00 — 100 % The 210,000 zero . The fair the purpose determine whether the forecasting highly volatile regime share price movements. In scenarios where vested value on maturity is Company used an expected volatility of 44.0 %, an expected life of three years , a risk-free rate ranging between 1.275 % to 1.657 % and no calculated based on the Company’s 30 day 17. Amended and Restated Stock Incentive Plan (continued) Restricted Stock (continued) Forfeiture of 150,000 shares On August 5, 2020, entered into day separation 150,000 described above not achieved and all outstanding shares of restricted stock were forfeited on December Market Conditions - Restricted Stock Granted in September 2018 – In September 2018, the Remuneration Committee approved an award of 148,000 The 148,000 and a market common stock must equal or exceed certain agreed VWAP the date that (2) the recipient is employed by the Company on a full-time basis when the satisfied, 23.00 approximate 55 % increase, 6.20 price on September 7, 2018. The VWAP ● Below $ 15.00 0 % ● At or above $ 15.00 19.00 — 33 % ● At or above $ 19.00 23.00 — 66 % ● At or above $ 23.00 — 100 % The fair value of these shares of restricted stock was calculated using a Monte The choice of a stochastic volatility process as an extension to the standard Black Scholes process was driven by both observations of larger than expected moves in the daily time series for the Company’s volatility Company’s stock and NASDAQ futures. In scenarios where vested value on maturity is the share price on an average volatility of 37.4 % for the VWAP no future dividends. The average volatility was extracted from the time series for VWAP prices as the standard deviation of log prices for the three years volatility process options 30 day During 30,000 market conditions described above because the performance conditions were not met. During the year ended June 30, 2021, executive officers forfeited 88,000 from the Company. 17. Amended and Restated Stock Incentive Plan (continued) Restricted Stock (continued) Performance Conditions - Restricted Stock Granted in February 2020 The 454,400 performance-based achievement of an agreed return on average net equity per year during a measurement period commencing from July 1, 2021, through June 30, 2023, calculated as total equity attributable to the Company’s net equity as of June 30, 2021, was set as the base year for the measurement period. The average net equity is calculated as the simple average between return per year within the measurement period is derived from GAAP net income The performance-based awards measurement period, of: ● 8 % per year: 50 % vest; ● 14 % per year: 100 % vest. No 8 %. Calculation returns between 8 % and 14 % will be interpolated on a linear discretion to adjust any component of the During 80,000 performance officers forfeited 374,400 from the Company. Market Conditions - Restricted Stock Granted in May 2021 and In May 158,734 58,652 restricted stock to executive officers. These shares of restricted stock awarded to executive officers are subject to a condition and a market condition and vest in full annual 20 % appreciation in the Company’s 2024, conditions is not satisfied, then none of the shares price on Nasdaq on June 30, 2021, was $ 4.71 . The appreciation levels (times and price) and vesting percentages as of each ● Prior to the first anniversary of the grant date: 0 % ● Fiscal 2022, stock price as of June 30, 2022 is 1.2 5.65 4.71 : 33 %; ● Fiscal 2023, stock price as of June 30, 2023 is 1.44 6.78 4.71 : 67 %; ● Fiscal 2024, stock price as of June 30, 2024 is 1.728 8.14 ) than $ 4.71 : 100 %. The fair value of these shares of restricted stock was calculated using a Monte The choice of a stochastic volatility process as an extension to the standard Black Scholes process was driven by both observations of larger than expected moves in the daily time series for volatility Company’s stock and NASDAQ futures. In scenarios where the vested value on maturity is the share price on an average 61.6 % for the overnight indexed swap rates for the grant date, and no future dividends. The average volatility was extracted from the time series for closing prices as the standard deviation of log prices for the three years preceding the grant date. The mean reversion of volatility and the volatility of volatility parameters of the stochastic volatility process were extracted by of volatility from the time series for at-the-money options 30 day May 5, 2021 (for the May 2021 awards) and July 1, 2021 (for the July 2021 award). 17. Amended and Restated Stock Incentive Plan (continued) Restricted Stock (continued) Performance Conditions - Restricted Stock Granted in July 2021 In July 2021, the Remuneration Committee approved an 58,652 shares of restricted if any, three year measurement when the condition in (1) is met. If either of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited. The fair value of these shares of restricted stock was calculated Market Conditions - Restricted Stock Granted in December 2022 In December 2022, the Remuneration 257,868 The 257,868 condition and vest 10 % appreciation in 4.94 December 1, 2025, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is these conditions is not satisfied, then none of the shares of price on December 1, 2022, was $ 4.08 . The appreciation levels (times and price) and vesting percentages as of each ● Prior to the first anniversary of the grant date: 0 %; ● Fiscal 2024, stock price as of December 1, 2023 is 1.1 5.43 4.94 : 33 %; ● Fiscal 2025, stock price as of December 1, 2024 is 1.21 5.97 4.94 : 67 %; ● Fiscal 2026, stock price as of December 1, 2025 is 1.331 6.57 ) than $4.94: 100 %. The fair value of these shares of restricted stock was calculated using a Monte Carlo In scenarios where vested value on maturity is the share price on an equally 50.1 % for 4.08 ), a discounting rates for the grant date, and no as the standard deviation of log prices for the three years preceding the grant date. Restricted Stock Units The Remuneration Committee 1,250,486 shares mechanism to 7.50 conversion of restricted stock units to shares cannot exceed 50 % under the terms of the award and therefore no more than 625,243 1,250,486 412,487 vested, 206,239 Employees elected 72,081 164,687 shares, in order 72,081 treasury shares. Stock Appreciation Rights The Remuneration Committee may also grant stock appreciation rights, either Stock appreciation rights entitle the holder upon exercise to receive an amount in any combination of cash or shares of common stock (as determined by the Remuneration Committee) over the grant price. No 17. Stock option and restricted stock activity Options The following table summarizes stock option activity for Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($'000) Weighted average grant date fair value ($) Outstanding - July 1, 2020 1,331,651 5.83 7.56 - 2.01 Granted – August 2020 150,000 3.50 3.00 166 1.11 Granted – November 2020 560,000 3.01 10.00 691 1.23 Exercised (17,335) 3.07 - 35 - Forfeited (729,484) 6.65 - 2.24 Outstanding - June 30, 2021 1,294,832 3.93 7.68 1,624 1.45 Granted – February 2022 137,620 4.87 10.00 235 1.71 Exercised (249,521) 3.05 - 470 - Forfeited (256,706) 4.53 - 1.69 Outstanding - June 30, 2022 926,225 4.14 6.60 1,249 1.60 Exercised (158,659) 3.04 - 200 - Forfeited (94,292) 3.99 - 1.81 Outstanding - June 30, 2023 673,274 4.37 5.14 239 1.67 These options have an exercise price range of $ 3.01 11.23 . No 137,620 560,000 to employees during the employee directors, Mr. Ali Mazanderani, in his capacity 150,000 of $ 3.50 . These stock options were subject to the non-employee director’s continuous service through the applicable vesting date, and half of August 5, 2023. During 327,965 , 376,348 331,833 respectively. During the year ended June 30, 2023, an employee delivered 23,934 37,500 0.1 23,934 Company’s treasury stock. 6,105 arising upon exercise of the stock options, and ended 0.5 0.8 0.05 exercise of 158,659 , 249,521 17,335 During 94,292 , 256,706 , 729,484 respectively. result of the closure of our IPG operations during the latter half of calendar 2020 and the unrelated (to various employees 3.01 11.23 . In addition, the Company’s former chief executive officer forfeited 250,034 6.20 11.23 per share following his separation from the Company during the year 17. Stock option and restricted stock activity Options (continued) 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 673,274 4.37 5.14 239 These options have an exercise price range of $ 3.01 11.23 . The following table presents stock options that are exercisable as of June Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Exercisable - June 30, 2023 502,813 4.57 4.25 160 17. Stock option and restricted stock activity Restricted stock The following table summarizes restricted stock activity for the years Number of shares of restricted stock Weighted average grant date fair value ($’000) Non-vested – July 1, 2020 1,115,500 5,354 Granted – May 2021 254,560 1,035 Total vested (311,300) 1,037 Vested (244,500) 812 Vested (66,800) 225 Total forfeitures (674,200) 2,690 Forfeitures - employee terminations (644,200) 2,542 Forfeitures – September 2018 awards with market conditions (30,000) 148 Non-vested – June 30, 2021 384,560 1,123 Total granted 2,168,110 11,097 Granted – July 2021 234,608 963 Granted – August 2021 44,986 192 Granted – November and December 2021 326,158 1,766 Granted – December 2021 50,300 269 Granted – February 2022 29,920 146 Granted – March 2022 207,859 1,097 Granted – April 2022 1,250,486 6,540 Granted – May 2022 23,793 124 Total granted and vested - November and December 2021 - - Granted - November and December 2021 71,647 393 Vested (71,647) 393 Total vested (61,861) 306 Total forfeitures (105,542) 542 Forfeitures - employee terminations (75,542) 382 Forfeitures – September 2018 awards with market conditions (30,000) 160 Non-vested – June 30, 2022 2,385,267 11,879 Total granted 1,085,981 4,411 Granted – July 2022 32,582 172 Granted – August 2022 179,498 995 Granted - November 2022 150,000 605 Granted - December 2022 430,399 1,862 Granted - January 2023 11,806 57 Granted - June 2023 23,828 124 Granted - December 2022 - performance awards 257,868 596 Total vested (742,464) 3,171 Vested (78,801) 410 Vested (59,833) 250 Vested (7,060) 29 Vested (19,179) 83 Vested (69,286) 326 Vested (418,502) 1,721 Vested (61,861) 217 Vested (27,942) 135 Granted - December 2022 300,000 1,365 Vested (300,000) 1,365 Total forfeitures (114,365) 554 Forfeitures - employee terminations (34,365) 138 Forfeitures – February 2020 award with market condition (80,000) 416 Non-vested – June 30, 2023 2,614,419 11,869 17. Stock option and restricted stock activity (continued) Restricted stock Awards granted In July 2022, 32,582 , 430,399 , 11,806 23,828 of restricted stock, respectively, to employees the Company awarded 257,868 conditions related to one -for-one basis, (1) employee’s purchase of up to $ 1.0 2022, the Company granted 179,498 150,000 shares 150,000 employee. 300,000 executive officer on December 31, 2022, which vested on the date On June 30, 2021, the Company appointed Group Chief Executive Officer of the Company effective July 117,304 stock on July service to the Committee also awarded Mr. Meyer 117,304 June 30, Vesting 58,652 three-year services plan during the specific measurement period from June 30, 2021, to June 30, 2024, and the other half is subject to share price growth 8.14 awarded 207,859 service through date. In 44,986 , 50,300 , 29,920 23,793 shares of restricted stock, respectively, to employees which performance) vesting conditions. On 1,250,486 Agreement. The 7.50 through the issue of restricted stock units. The conversion of restricted stock units to shares cannot exceed 50 % under the terms of the award. Upon joining the Company, each of Messrs. Meyer and Lincoln C. Mali, were entitled to receive an award of shares of restricted stock which were subject to them purchasing an agreed value of of time. However, these trading executives into an economically equivalent position, as follows: (i) assume 30 employment had they not been embargoed; (ii) require the Report on Form 10-Q for the three months ended September 30, 2021; (iii) to the 30 -day volume-weighted their respective first between (a) number of shares purchased at 30 -day VWAP in their respective first months of employment and (b) number of purchased at the actual share price paid. The top-up will be settled as follows: (a) 55 % in shares of the Company’s common stock and (b) 45 %, at the election of to any vesting conditions and vested immediately; and (iv) vest ratably over a period of three years commencing on the first anniversary The 326,158 matching 71,647 dates from when the Company. The shares 17. Stock option and restricted stock activity (continued) Restricted stock (continued) Awards granted Effective January 1, during a contract term that will occur, 6,481 shares if the contract is 6,481 using an 35,000 Select quarterly basis and that the shares During each $ 0.2 32,405 38,886 The 158,734 condition (related 95,826 including 77,040 based vesting. The February 113,600 based vesting 454,400 vesting. Awards vested During the years ended June 742,464 , 133,508 244,500 time-based vesting conditions vested. 2021, was $ 3.2 0.4 1.0 In July 78,801 35,460 satisfy the withholding tax liability on the vesting of 55,599 vested and he elected for 25,020 in November and December 2022 and February, April, May and June 2023, an aggregate of 434,279 to employees vested and 190,394 shares. These 250,974 35,460 20,020 190,394 ) shares have been included in our treasury shares. The 133,508 71,647 to above 29,919 date of joining the Company. In connection with the 66,800 restricted stock vested on September 30, 2020. Awards forfeited During the year ended June 30, 2023, 80,000 condition (related to net asset 34,365 of restricted stock following their termination of employment with the Company. During 30,000 condition (related to share price performance) was not achieved and the 75,542 following termination of their employment. 644,200 2021, includes 475,200 the Company. 30,000 was not achieved. 17. Stock-based compensation charge and unrecognized compensation The Company has 7.3 3.0 0.3 June 30, 2023, 2022 and 2021, respectively, Total Allocated to IT processing, servicing and support Allocated to selling, general and administration Year Stock-based compensation charge $ 7,673 $ - $ 7,673 Reversal of stock compensation charge related to stock options and restricted stock forfeited (364) - (364) Total - year ended June $ 7,309 $ - $ 7,309 Year Stock-based compensation charge $ 3,082 $ - $ 3,082 Reversal of stock compensation charge related to stock options and restricted stock forfeited (120) - (120) Total - year ended June $ 2,962 $ - $ 2,962 Year Stock-based compensation charge $ 1,430 $ - $ 1,430 Reversal of stock compensation charge related to stock options and restricted stock forfeited (1,086) - (1,086) Total - year ended June $ 344 $ - $ 344 The allocation of the cash compensation paid to the relevant employees. As of June 0.1 the two years . related to restricted stock awards was approximately $ 6.9 three years . Tax consequences The Company 0.6 0.3 June 30, 2023 and June 30, 2022. As of June 30, 2023 and 2022, 0.6 million and $ 0.3 deduction would be utilized as it does not anticipate generating the difference taxation in the United States. |
Income Tax
Income Tax | 12 Months Ended |
Jun. 30, 2023 | |
Income Tax [Abstract] | |
Income Tax | 18. Income tax provision The table below presents 2023 2022 2021 South Africa $ (21,308) $ (31,266) $ (30,825) United States (10,755) (8,509) (6,686) Liechtenstein - (509) (810) Other (203) 384 32,702 Loss before income taxes $ (32,266) $ (39,900) $ (5,619) 18. Income tax provision (continued) Presented below is the provision for the years ended June 30, 2023, and 2021: 2023 2022 2021 Current income tax expense (benefit) $ 6,317 $ 2,309 $ 859 South Africa 6,317 2,309 866 United States - - (75) Other - - 68 Deferred taxation (benefit) charge (7,442) (2,044) 6,691 South Africa (7,490) (2,154) (2,039) United States - - 9,136 Other 48 110 (406) Foreign tax credits generated – United States 115 62 10 Income tax (benefit) provision $ (2,309) $ 327 $ 7,560 The South African 28 % to 27 %, effective from South African January 5, 2023, in 1.3 statements of operations for each of the year ended June 30, 2023, liabilities recognized as no 2021. The acquisition of Connect, which is profitable and generates taxable income. The Company’s the inclusion of Connect. The before the $ 2.0 South African wholly-owned subsidiaries and recorded a deferred taxation benefit related to these losses. However, created a valuation allowance for certain of these net operating A reconciliation tax rate, for the years ended June 30, 2023, 2022 and 2021, is as follows: 2023 2022 2021 Income taxes at fully-distributed South African tax rates 27.00 % 28.00 % 28.00 % Movement in valuation allowance (17.66) % (22.05) % (250.16) % Prior year adjustments 7.60 % 0.01 % 1.77 % Foreign tax rate differential (0.02) % 0.02 % 51.21 % Change in tax laws – South Africa 4.03 % - - Non-deductible items (13.28) % (6.59) % (58.40) % Capital gains differential (0.51) % 0.11 % 93.03 % Release from FCTR - (0.33) % - Income tax provision 7.16 % (0.83) % (134.55) % Percentages included in by the loss incurred the income tax provision of $ 0.3 0.83 %) multiplied by the net loss before tax of $( 39,900 ). 18. Income tax provision (continued) Movement in the losses recognized and interest expense incurred which the Company cannot deduct Movement in the valuation allowance incurred during the of Connect. Movement in the valuation allowance incurred during loans to equity distributed 21 %) adjustment to 2021, represents the impact of the reversal of the following its impairment (refer to Note 9). Deferred tax assets and liabilities Deferred using enacted tax rates differences that gave rise to the Company’s June 30, June 30, 2023 2022 Total Capital losses related to investments $ 36,267 $ 42,587 Net operating loss carryforwards 39,486 40,384 Foreign tax credits 32,599 32,671 Provisions and accruals 3,165 3,163 FTS patent 40 95 Other 4,217 2,063 Total 115,774 120,963 Valuation (109,120) (117,101) Total 6,654 3,862 Total Intangible assets 32,731 43,876 Investments 10,354 10,354 Other 94 67 Total 43,179 54,297 Reported as Long-term deferred tax assets 10,315 3,776 Long-term deferred tax liabilities 46,840 54,211 Net deferred income tax liabilities $ 36,525 $ 50,435 Increase in total net deferred income tax liabilities Capital losses related to investments Capital losses as of June 30, Cell C in August 2017 and the its fair value as of the respective year end, of $ 0.0 CPS in 2004 0.0 relates primarily to the impact of currency changes between the South African 18. Deferred tax assets and liabilities (continued) Increase in total net deferred income tax liabilities (continued) Net operating loss carryforwards Net operating loss carryforwards have increased due of currency losses carryforwards forfeited following the substantial liquidation Intangibles assets Intangible assets include intangible assets recognized related to the acquisition of Connect during the year ended June 30, 2022 (refer to Note 3). Investments Investment investment in MobiKwik during the year ended June 30, 2023. Decrease in valuation allowance At June 6.7 3.9 Management believes, will realize the benefits of these deductible differences, net of the valuation allowance. considered realizable could be adjusted in the future if estimates of taxable At June 109.1 117.1 assets to estimated below: Total Capital losses related to investments Net operating loss carry- forwards Foreign tax credits Other July 1, 2021 $ 118,777 $ 47,518 $ 36,270 $ 32,737 $ 2,252 Charged to statement of operations 8,119 195 7,647 - 277 Reversed to statement of operations (301) - (167) (66) (68) Utilized (1) - (1) - - Foreign currency adjustment (9,493) (5,126) (4,097) - (270) June 30, 2022 117,101 42,587 39,652 32,671 2,191 Charged to statement of operations 5,916 5 5,492 - 419 Reversed to statement of operations (1,701) - (579) (510) (612) Change in tax rate - South Africa (2,351) (1,190) (1,161) - - Foreign currency adjustment (9,845) (5,135) (5,023) 438 (125) June 30, 2023 $ 109,120 $ 36,267 $ 38,381 $ 32,599 $ 1,873 Net operating loss carryforwards and foreign tax credits South Africa Net operating loss generated are carried forward indefinitely, the United States which limits the loss carryforward that may be used against future the net operating loss deduction. 18. Deferred tax assets and liabilities (continued) Decrease in valuation allowance (continued) United States Net operating loss income is limited to 80% of taxable income before the net operating loss deduction. As of June 30, 2023, Lesaka had net operating loss carryforwards that will expire, Year U.S. net operating loss carry forwards 2024 $ 775 Lesaka had no Uncertain tax positions As of June 30, 2023 and 2022, the Company had no rate. The June Revenue Service for periods before June 30, none of which are individually material not expect the in the next 12 months. |
(Loss) Earnings Per Share
(Loss) Earnings Per Share | 12 Months Ended |
Jun. 30, 2023 | |
(Loss) Earnings Per Share [Abstract] | |
(Loss) Earnings Per Share | 19. The Company has Redemption of a class of common stock stock adjustments to the the two-class method presented below does not include the impact of Basic (loss) earnings per share shares are eligible has been calculated using the two-class method and basic (loss) earnings per share for the years ended June 30, reflects only shares of unvested restricted 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 dilutive effect of restricted and the Note 17. 112,783 191,448 calculation antidilutive. 19. The following share computations using the two-class method for the years ended 2023 2022 2021 (in thousands except percent and per share data) Numerator: Net loss attributable to Lesaka $ (35,074) $ (43,876) $ (38,057) Undistributed loss (35,074) (43,876) (38,057) Percent allocated to common shareholders (Calculation 1) 95% 98% 99% Numerator for loss per share: basic and diluted $ (33,407) $ (43,006) $ (37,825) Denominator Denominator for basic loss per share: weighted-average common shares outstanding 60,134 57,207 56,332 Effect of dilutive securities: Stock options - - 259 Denominator for diluted loss per share: adjusted weighted average common shares outstanding and assumed conversion 60,134 57,207 56,591 Loss per share: Basic $ (0.56) $ (0.75) $ (0.67) Diluted $ (0.56) $ (0.75) $ (0.67) (Calculation 1) Basic weighted-average common shares outstanding (A) 60,134 57,207 56,332 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 63,134 58,364 56,678 Percent allocated to common shareholders 95% 98% 99% Options 276,616 , 186,999 282,832 4.87 $ 11.23 6.20 11.23 6.20 11.23 2022 and 2021, prices were greater February 3, 2032, were still outstanding as of June 30, 2023. |
Supplemental Cash Flow Informat
Supplemental Cash Flow Information | 12 Months Ended |
Jun. 30, 2023 | |
Supplemental Cash Flow Information [Abstract] | |
Supplemental Cash Flow Information | 20. Change in presentation of movement in finance loans receivable The movement in the year ended June restated. The following table presents supplemental cash flow disclosures for 2023 2022 2021 Cash received from interest $ 1,841 $ 2,065 $ 2,222 Cash paid for interest $ 13,278 $ 5,817 $ 3,056 Cash paid for income taxes $ 7,200 $ 1,138 $ 16,608 As discussed in Note 23,934 shares of 4.76 These shares are included in sheet as of June 30, 2023 and consolidated statement of changes in equity for 20. Disaggregation of cash, cash equivalents and restricted cash Cash, cash equivalents cash related to considered restricted cash in certain bank considered restricted as the Company’s 2023, 2022 and 2021: 2023 2022 2021 Cash and cash equivalents $ 35,499 $ 43,940 $ 198,572 Restricted cash 23,133 60,860 25,193 Cash, cash equivalents and restricted cash $ 58,632 $ 104,800 $ 223,765 Leases The following 2021: 2023 2022 2021 Cash paid related to lease liabilities Operating cash flows from operating leases $ 2,866 $ 3,971 $ 4,050 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 983 $ 6,054 $ 3,000 |
Operating Segments
Operating Segments | 12 Months Ended |
Jun. 30, 2023 | |
Operating Segments [Abstract] | |
Operating Segments | 21. 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. The two Africa. strategies but share the Company’s The Merchant segment entities. The Company of prepaid airtime. The Company provides cash management and payment services to asset) which processing transmittal includes the sale of POS use certain technology developed by the Company. The Consumer segment loans and account managed by the Company are issued cards that can be utilized to withdraw funds at an ATM or to transact at a merchant point of sale device (“POS”). The Company earns processing fees from transactions processed fees customers in South Africa funeral-benefit policies, and policy holders pay the Company a monthly 21. Reallocation of certain activities in Other to Merchant During Company’s integration segments during the second quarter of information has been restated. The reconciliation 2022 and 2021, respectively, Revenue Reportable Segment Inter-segment Unallocated From external customers Merchant $ 463,701 $ - $ - $ 463,701 Consumer 62,801 - - 62,801 Unallocated - - 1,469 1,469 Total for the year $ 526,502 $ - $ 1,469 $ 527,971 Merchant $ 156,689 $ 12 $ - $ 156,677 Consumer 65,932 - - 65,932 Total for the year $ 222,621 $ 12 $ - $ 222,609 Merchant $ 62,944 $ - $ - $ 62,944 Consumer 66,149 - - 66,149 Unallocated - - 1,693 1,693 Total for the year $ 129,093 $ - $ 1,693 $ 130,786 The (“EBITDA”), adjusted for items mentioned off items, stock-based compensation of goodwill or other intangible securities, accounted specifically hired Sarbanes-Oxley Act of insurance premiums. consummated adjustments adjustments reflect stock-based compensation expense are therefore before income tax expense. 21. The reconciliation of the reportable segments’ measures of profit or loss to loss before income taxes for the years ended June 2023, 2022 and 2021, respectively, 2023 2022 2021 Reportable segments measure of profit or loss $ 36,845 $ (9,028) $ (20,551) Operating loss: Unallocated - - (10,899) Operating loss: Group costs (9,109) (8,587) (6,965) Once-off costs (1,922) (8,088) (6,618) Unrealized Loss FV for currency adjustments (222) - - Lease adjustments (2,906) (3,955) (4,148) Stock-based compensation charge adjustments (7,309) (2,962) (344) Depreciation and amortization (23,685) (7,575) (4,347) Impairment loss (7,039) - - Gain related to fair value adjustment to currency options - 3,691 - Gain on disposal of equity securities - 720 - Loss on disposal of equity-accounted investment (Note 9) (205) (376) (13) Change in fair value of equity securities (Note 3) - - 49,304 Loss on disposal of equity-accounted investment - Bank Frick (Note - - (472) Interest income 1,853 2,089 2,416 Interest expense (18,567) (5,829) (2,982) Loss before income taxes $ (32,266) $ (39,900) $ (5,619) The following tables summarize segment information for the years ended 2023 2022 2021 Reportable segment revenue Merchant $ 463,701 $ 156,689 $ 62,944 Consumer 62,801 65,932 66,149 Total reportable segment 526,502 222,621 129,093 Segment Adjusted EBITDA Merchant 33,531 12,646 5,411 Consumer (1) 3,314 (21,674) (25,962) Total Segment Adjusted 36,845 (9,028) (20,551) Depreciation and amortization Merchant 7,422 2,186 866 Consumer 1,114 1,660 3,071 Subtotal: Operating segments 8,536 3,846 3,937 Group costs 15,149 3,729 359 Unallocated - - 51 Total 23,685 7,575 4,347 Expenditures for long-lived assets Merchant 12,986 2,846 852 Consumer 3,170 1,712 3,433 Subtotal: Operating segments 16,156 4,558 4,285 Group costs - - - Total $ 16,156 $ 4,558 $ 4,285 (1) Consumer Segment Adjusted EBITDA for the year ended June 30, 2022, includes reorganization costs of $ 5.9 21. The segment segment as all of have dedicated assets and segment asset allocation is therefore not presented. Long-lived assets based on their geographic location as of June 30, 2023, Long-lived assets 2023 2022 2021 South Africa $ 300,104 $ 359,725 $ 50,754 India - investment in MobiKwik (Note 9) 76,297 76,297 76,297 Rest of world 2,197 2,811 6,962 Total $ 378,598 $ 438,833 $ 134,013 |
Commitments And Contingencies
Commitments And Contingencies | 12 Months Ended |
Jun. 30, 2023 | |
Commitments And Contingencies [Abstract] | |
Commitments And Contingencies | 22. Capital commitments As 0.1 0.3 million, respectively. Purchase obligations As of June 30, 2023 and 2022, the Company had purchase obligations totaling $ 3.0 11.0 purchase delivered to the Company and sold to customers in fiscal 2024. Guarantees The South African the Company required to procure these guarantees for these third parties to operate Nedbank has 2.1 0.1 applicable between 0.47 % per annum to 1.84 % per annum of the face third parties. RMB has 33.1 1.8 applicable as of June 30, 2023) thereby utilizing part of the Company’s The Company has not recognized any obligation related to The maximum potential 35.2 1.9 exchange rates applicable to Nedbank 3.0 0.2 applicable as Company’s short-term credit facility described Contingencies The business. Management material adverse impact on the Company’s |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Related Party Transactions | 23. VCP Agreement On March Capital Partners Proprietary Limited (“VCP”) , a management (the “Purchasing Funds”) ZAR 350.0 pay all outstanding on the ZAR 2.6 and covenants from Lesaka and Lesaka SA. In connection in an amount equal to ZAR 5.25 On March 16, 2023, VCP, maturity date under In connection with the VCP Amendment Agreement, Lesaka to ZAR 8.9 1 % per annum amendment to the maturity date. Additionally, RMB with step extent that Lesaka and Lesaka SA fail to do so and do not remedy such failure within Disgorgement proceeds from VCP in fiscal 2021 In late September 2020, VCP notified short-swing profits from the purchase of common stock by VCP pursuant to Section 16(b) of the Securities Exchange Act of 1934, as amended shareholders and 0.1 0.02 statement of changes in 0.12 from financing activities in the Company’s |
Description Of Business And B_2
Description Of Business And Basis Of Presentation (Policy) | 12 Months Ended |
Jun. 30, 2023 | |
Description Of Business And Basis Of Presentation [Abstract] | |
Description of Business | Description of Business Lesaka Technologies, Inc. (“Lesaka” and collectively UEPS Technologies, Inc., was incorporated in or fintech, products and services, primarily in South Africa and neighboring fintech solutions for services and offers transaction processing, including bill payment and value-added services (including prepaid financial solutions to its customers. |
Basis Of Presentation | Basis of presentation The accompanying prepared in accordance with accounting principles generally accepted |
Reorganization Charge - Financial Services Restructuring | Reorganization charge - financial services restructuring The Company has incurred significant losses since its contract to distribute social grants expired in September 2018. A strategic imperative for the Company is to return its South African consumer business to a breakeven possible. As part of a cost and determined that a number of its defined employee roles would need to be terminated due to redundancy. The on a retrenchment process pursuant to Section 189A The 6.7 103.4 principally consisting of severance and related of $ 5.9 2022. The primary difference between the in prior periods. |
July 2021 Civil Unrest In South Africa | July 2021 civil unrest in South Africa impacting Two disruption of unrest infrastructure in the affected provinces. In the Banking Association The provides coverage for damage caused disorders, estimates that the total damage to property Company suffered 19 173 Company’s efforts to grow EPE customer numbers. July 2021 volumes 13 % lower than June 2021, and August 2021 3 % lower than July 2021. The Company’s insurance claims to recover the cost to repair and replace its branches and ATMs have been met in full, with the Company receiving ZAR 38.6 As a result customers revenue of approximately ZAR 6.0 0.4 |
Impact Of Events In Russia And Ukraine | Impact of events involving Russia and Ukraine The Company believes that these events may adversely impact South in crude oil prices affect the Company. |
Significant Accounting Polici_2
Significant Accounting Policies (Policy) | 12 Months Ended |
Jun. 30, 2023 | |
Significant Accounting Policies [Abstract] | |
Principles Of Consolidation | Principles of consolidation The financial statements of accounts and transactions are eliminated upon consolidation. The Company, if it is the primary beneficiary, The primary beneficiary is considered the entity's expected residual returns, or both. No entities were required to be consolidated as a result of these requirements during the years ended June 30, |
Business Combinations | Business combinations The consideration paid The Company uses a number cash appropriate adjustments in the reporting period in which the adjustment amounts are determined. |
Use Of Estimates | Use of estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions affect statements estimates. |
Translation Of Foreign Currencies | Translation of foreign The primary currency is the U.S. dollar. expenses are translated at average income in total income attributable entity and includes the release in the gain or loss reported related to the sale or Foreign exchange transactions are translated at the spot rate ruling at the date of the transaction. Monetary items are translated at the closing expense on the Company’s consolidated |
Cash, Cash Equivalents And Restricted Cash | Cash, cash equivalents and restricted cash Cash and cash equivalents unrestricted and readily available. |
Allowance For Doubtful Accounts Receivable | Allowance for doubtful accounts receivable Allowance for doubtful finance loans receivable The management’s receivable and Company procedures, including where deemed necessary, Allowance for doubtful accounts receivable A specific safe assets, point of sale (“POS”) equipment, receiving support and maintenance or transaction services cards from outstanding amounts, the location and the payment history of the customer 2. |
Inventory | Inventory Inventory transport and handling costs. |
Property, Plant And Equipment | Property, plant Property, on the straight-line basis at rates which Within the following asset classifications, the expected Safe assets 8 Computer equipment 3 8 Office equipment 2 10 Vehicles 3 8 Furniture and fittings 3 10 The gain or loss arising the carrying amount of the asset and is recognized in income. |
Leases | Leases The Company determines whether an arrangement is a lease at inception. of-use assets (“ROU”), The Company finance leases in property and equipment, other payables, and other A ROU asset obligation to commencement date based on an implicit rate, borrowing over prepayments made terminate recognized on a straight-line basis over the lease term. The Company does not recognize right-of-use assets and lease liabilities for lease arrangements with a term of twelve months or less. The Company adaptation of leased properties to the shorter of the estimated useful life of the asset and the remaining term of |
Equity-accounted Investments | Equity-accounted investments The Company uses the equity over adjusts the carrying value of the investment to recognize its proportional share of the equity-accounted company’s net income or loss. In addition, when an investment qualifies for the equity of influence), held interest and the equity method would be significant influence over the investee. The Company that is equity-accounted measurement of Company does not recognize cumulative losses in excess of its investment or loans in an equity-accounted an obligation to provide additional financial support. 2. Equity-accounted investments (continued) Dividends received from an equity-accounted investment reduce the carrying value has elected to classify distributions received from equity method investees using the nature of the distribution approach. requires the Company to evaluate either whenever events or circumstances indicate that the carrying amount of |
Goodwill | Goodwill Goodwill acquired and liabilities assumed. The Company tests for impairment circumstances change that would more likely than not Circumstances that climate or legal that a reporting unit or of a significant asset group within a reporting unit. If goodwill is allocated to a reporting unit unit exceeds fair value could be valuation techniques based on multiples of earnings or revenue, or |
Intangible Assets | Intangible assets Intangible assets are shown at Customer relationships 1 15 Software, integrated platform and unpatented technology 3 10 FTS patent 10 Exclusive licenses 7 Brands and trademarks 3 20 Intangible assets that warrant revised estimates of useful lives or that indicate that impairment |
Debt And Equity Securities | Debt and equity securities Debt securities The Company is required to upon investment in the security. Trading Debt securities initially measured losses security as a trading Company had no debt securities that were classified as trading securities as of June Available for sale Debt Company has not classified them as trading securities or if it does not have maturity. sale debt securities gains comprehensive income, net of deferred income as available for sale securities as of June 30, 2023 and 2022, respectively. 2. Debt and equity securities (continued) Debt securities (continued) Held to maturity Debt securities acquired by the Company which it has the ability and the positive intent to hold to maturity are classified as held to maturity debt securities. The Company is required to make an election to classify these debt securities as held to maturity and these securities are carried at amortized cost. The amortized cost and accretion of discounts to maturity. in interest income in the Company’s consolidated statement of operations. The Company had 2023 and 2022, respectively, Impairment of debt securities The Company’s other-than-temporary impairments in value. With regard to available for sale and held to maturity debt securities, the Company considers (i) the ability and intent to hold the debt security for a to sell the debt security; an impairment and the current fair value as it is impairment loss intend to sell or that it is more likely than not that it will cost basis. The credit loss portion, which is measured as the difference expected future cash flows, is measured income, net of applicable taxes. Equity securities Equity consolidated statement measure equity securities without readily determinable fair from observable price changes in orderly transactions for the identical or in observable securities during the year ended June 30, of performs a qualitative assessment on a quarterly basis and recognizes value of the equity security is less than its carrying value. |
Policy Reserves And Liabilities | Policy reserves and liabilities Reserves for policy benefits and claims payable The Company determines its reserves for policy benefits under incurred allows for which these products are offered, namely South Africa. The best estimate assumptions include (i) mortality and morbidity assumptions reflecting the company’s and (ii) claim reporting delays reflecting Company specific and industry experience. Most of the disability claims-in-payment reserve is endowments are increased by late payment interest (net of the asset management 2. Policy reserves and liabilities (continued) Deposits on investment contracts For the Company’s interest-sensitive |
Reinsurance Contracts Held | Reinsurance contracts held The Company enters into reinsurance or a portion of losses arising on one or more of the insurance contracts it issues. The expected benefits to which the Company is These assets consist well as long-term receivables (classified within other long-term assets) that are dependent on the expected claims and benefits arising under the associated with the reinsured contracts and in accordance with the terms of each reinsurance contract. Reinsurance assets are assessed for impairment at reduces the carrying amount of the reinsurance asset to its recoverable amount and recognizes that impairment loss in its consolidated statement of operations. Reinsurance premiums are recognized when |
Redeemable Common Stock | Redeemable common stock Common stock holder, equity (i.e. permanent equity). Redeemable common stock is adjust maximum redeemable common stock is of the amount reported outside of permanent equity. Redeemable common stock is reclassified as permanent equity when presentation outside (if, for example, a redemption of the redeemable common period consolidated financial statements are not adjusted. |
Revenue Recognition | Revenue recognition The reflects contracts that can include various combinations of products and services, which are generally capable of being distinct and accounted for as separate performance obligations. Revenue is recognized net of allowances which are subsequently remitted to governmental authorities. Nature of products and services Telecom The Company revenue as the airtime is delivered to the customer. 2. Revenue recognition (continued) Nature of products and services (continued) Processing fees The Company transaction processing services that upon completion of customers. customers accessible considers each of these services provided. Processing completion of the processed transaction. Customers that have a bank account managed by the or to transact customers. The enquiry, recognized on the completion of the processed transaction. The Company, to its customers (including prepaid delivered to the customer. Revenue Account holder fees The Company the Company is not accounts regardless of basis on all active bank accounts. Revenue from account holders’ Lending revenue The monthly service fees. of return implicit in the loan, that is, the contractual interest rate adjusted for any net deferred loan fees or costs, premium, or discount existing at the origination or acquisition of The monthly service fee amount is fixed upon initiation and does not Interest earned from The Company provides short-term loans to merchants in South Africa and levies interest on the amount lent. The Company does not charge effective interest rate adjusted interest rate included in the contract with the customer generally changes with changes to benchmark rates of interest set by the South African Reserve Bank. Revenue recognition (continued) Nature of products and services (continued) Insurance revenue The Company writes of each month. Premium revenue expected non-payment of policy premiums. Accounts Receivable, Contract Assets and Contract Liabilities The unconditional. The Company has no contract assets or contract liabilities. |
Research And Development Expenditure | Research and development expenditure Research and June 30, 2023, 0.5 0.5 0.3 million, respectively. |
Computer Software Development | Computer software development Product feasibility is attained. determined amortizes of software development is generally short with insignificant amounts of development Costs in that development and post-implementation stages are expensed as incurred. |
Income Taxes | Income taxes The payable recognized in the financial statements and tax returns. Deferred income or enacted tax rates. There was a change in the South African enacted tax 28 % to 27 %, and the enacted statutory tax 27 %. The Company used 28 % for the years 30, 2022 and 2021, respectively. In establishing the appropriate deferred tax asset valuation allowances, the Company assesses the realizability of its deferred tax assets, and based on all available evidence, both positive tax assets or a portion thereof will be realized. Reserves for uncertain tax positions are recognized in the financial than not more amount of tax benefit that, in management’s judgement, is greater than 50% likely of being assessment expense and penalties in selling, general and administration in the consolidated The Company has elected the period cost method taxed income (“GILTI”) |
Stock-based Compensation | Stock-based compensation Stock-based compensation represents the based compensation cost at straight-line basis (net of estimated forfeitures) over the requisite have a graded for the expense is recorded in deferred tax cost recognized and the Company’s deferred tax return are recorded in income tax expense in the consolidated statement |
Equity Instruments Issued To Third Parties | Equity instruments issued to third parties Equity instruments issued cost at the grant date, based on the of estimated forfeitures) over number of result Company’s recognized for financial reporting purposes and the actual tax deduction reported on the Company’s the statement of operations. |
Settlement Assets And Settlement Obligations | Settlement assets and settlement obligations The Company provides customers with cash management and digitization deposit cash into digital vaults (safe assets) operated by the Company, customers to either transfer to their nominated bank account or to Settlement assets comprise (1) cash received from merchant customers are suppliers, relationships transactions between various parties. Settlement nominated pre-selected suppliers, and (2) that are the Company’s customers and on whose behalf it processes the credit card companies to the Company’s The balances obligations. |
Recent Accounting Pronouncements Adopted | Recent accounting pronouncements adopted In Business Combinations These items are recognized at fair value guidance Revenue combination. The guidance material impact on the Company’s |
Recent Accounting Pronouncements Not Yet Adopted As Of June 30, 2023 | Recent accounting pronouncements not yet adopted In Measurement . replaces requires consideration of a receivables, loans, and other incurred loss debt securities will also be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. This guidance is effective for guidance on its financial statements and related disclosures, but does In November Hedging accounting certain types guidance changes some effective and Hedging Other Measurement Instruments financial statements and related disclosures, but does not expect the impact on its financial |
Significant Accounting Polici_3
Significant Accounting Policies (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Significant Accounting Policies [Abstract] | |
Schedule Of Property, Plant And Equipment Expected Economic Lives | Safe assets 8 Computer equipment 3 8 Office equipment 2 10 Vehicles 3 8 Furniture and fittings 3 10 |
Schedule Of Intangible Assets Useful Lives | Customer relationships 1 15 Software, integrated platform and unpatented technology 3 10 FTS patent 10 Exclusive licenses 7 Brands and trademarks 3 20 |
Acquisitions (Tables)
Acquisitions (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Schedule Of Cash Paid Net Of Cash Received Related To Acquisition | 2022 Total cash paid $ 240,582 Less: cash acquired 38,423 Total cash paid, net (1) $ 202,159 (1) – represents the cash paid, net of cash acquired, to acquire a controlling |
Schedule Of Preliminary Purchase Price Allocation | Connect April 2022 Cash and cash equivalents $ 38,423 Accounts receivable 24,032 Finance loans receivable 15,706 Inventory 11,431 Property, plant and equipment 20,872 Operating lease right of use asset 753 Equity-accounted investment 73 Goodwill 153,693 Intangible assets 179,484 Deferred income taxes assets 2,284 Short term facilities (16,903) Accounts payable (27,914) Other payables (4,793) Operating lease liability – current (434) Current portion of long – term borrowings - Income taxes payable (982) Deferred income taxes liabilities (50,255) Operating lease liability - long-term (319) Long-term borrowings (86,960) Settlement assets 13,561 Settlement liabilities (12,875) Fair value of assets and liabilities on acquisition $ 258,877 |
Accounts Receivable, Net And _2
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net [Abstract] | |
Schedule Of Accounts Receivable, Net And Other Receivables | June 30, June 30, 2023 2022 Accounts receivable, trade, net $ 11,037 $ 13,904 Accounts receivable, trade, gross 11,546 14,413 Allowance for doubtful accounts receivable, end of period 509 509 Beginning of period 509 267 Reallocation to allowance for doubtful finance loans receivable (1) (418) - Reversed to statement of operations (31) (133) Charged to statement of operations 2,006 779 Utilized (1,646) (154) Foreign currency adjustment 89 (250) Loans provided to Carbon, net of allowance: 2022: $ 3,000 - - 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 14,628 14,994 Total accounts receivable, $ 25,665 $ 28,898 (1) Represents which was included in the allowance for doubtful accounts receivable as of |
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 | June 30, June 30, 2023 2022 Microlending finance loans receivable, net $ 20,605 $ 20,058 Microlending finance loans receivable, gross 22,037 21,452 Allowance for doubtful finance loans receivable, end of period 1,432 1,394 Beginning of period 1,394 2,349 Reversed to statement of operations - (805) Charged to statement of operations 1,452 1,268 Utilized (1,214) (1,179) Foreign currency adjustment (200) (239) Merchant finance loans receivable, net 16,139 13,834 Merchant finance loans receivable, gross 18,289 14,131 Allowance for doubtful finance loans receivable, end of period 2,150 297 Beginning of period 297 - Reallocation from allowance for doubtful accounts receivable (1) 418 - Reversed to statement of operations (1,268) - Charged to statement of operations 3,068 442 Utilized - - Foreign currency adjustment (365) (145) Total finance $ 36,744 $ 33,892 (1) Represents which was included in the allowance for doubtful accounts receivable as of |
Inventory (Tables)
Inventory (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Inventory [Abstract] | |
Schedule Of Inventory | June 30, June 30, 2023 2022 Raw materials $ 2,819 $ 2,446 Work in progress 30 147 Finished goods 24,488 31,633 $ 27,337 $ 34,226 |
Fair Value Of Financial Instr_2
Fair Value Of Financial Instruments (Tables) | 12 Months Ended |
Jun. 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 % ( 3 % as of June 30, 2022) Marketability discount: 20 % ( 10 % as of June 30, 2022) Minority discount: 24 % ( 15 % as of June 30, 2022) Net adjusted external debt - June 30, 2023: (1) ZAR 8.1 0.4 Net adjusted external debt - June 30, 2022: (2) ZAR 13.5 0.8 (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 1.0% decrease WACC $ - $ 616 EBITDA margin $ 1,196 $ - |
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) 258 - - 258 Fixed maturity investments (included in cash and cash equivalents) 3,119 - - 3,119 Total assets at fair value $ 3,377 $ - $ - $ 3,377 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) 371 - - 371 Fixed maturity investments (included in cash and cash equivalents) 1,196 - - 1,196 Total assets at fair value $ 1,567 $ - $ - $ 1,567 |
Carrying Value Of Assets And Liabilities Measured On Recurring Basis | Carrying value Assets Balance as of June 30, 2022 $ - Foreign currency adjustment (1) - Balance as of June 30, 2023 $ - (1) The on the carrying value. Carrying value Assets Balance as at June 30, 2021 $ - Foreign currency adjustment (1) - Balance as of June 30, 2022 $ - (1) The on the carrying value. |
Property, Plant And Equipment_2
Property, Plant And Equipment, Net (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Property, Plant And Equipment, Net [Abstract] | |
Summary Of Cost, Accumulated Depreciation And Carrying Amount Of Property, Plant And Equipment | June 30, June 30, 2023 2022 Cost Safe assets $ 19,229 $ 16,275 Computer equipment 35,158 32,814 Furniture and office equipment 7,508 7,549 Motor vehicles 2,070 3,195 Plant and machinery 45 15 64,010 59,848 Accumulated depreciation: Safe assets 4,353 939 Computer equipment 25,645 26,420 Furniture and office equipment 5,602 6,060 Motor vehicles 955 1,829 Plant and machinery 8 1 36,563 35,249 Carrying amount: Safe assets 14,876 15,336 Computer equipment 9,513 6,394 Furniture and office equipment 1,906 1,489 Motor vehicles 1,115 1,366 Plant and machinery 37 14 $ 27,447 $ 24,599 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Supplemental Balance Sheet Disclosure Related To Right-of-use Assets And Operating Leases Liabilities | June 30, June 30, 2023 2022 Right-of-use assets obtained in exchange for lease obligations Weighted average 1.77 2.14 Weighted average 9.7 % 9.3 % Maturities of operating lease liabilities 2024 $ 2,123 2025 1,182 2026 873 2027 868 2028 767 Thereafter - Total undiscounted 5,813 Less imputed interest 928 Total operating lease liabilities, 4,885 Operating lease liability - current 1,747 Operating lease liability - long-term $ 3,138 |
Equity-Accounted Investments _2
Equity-Accounted Investments And Other Long-Term Assets (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Ownership Percentage Of Equity-Accounted Investments | June 30, June 30, 2023 2022 Finbond Group Limited (“Finbond”) 28 % 29 % Sandulela Technology 49 % 49 % Carbon - % 25 % SmartSwitch Namibia (Pty) Ltd (“SmartSwitch Namibia”) 50 % 50 % |
Summary Of Movement In Equity-Accounted Investments | Finbond Other (1) Total Investment in equity Balance as of June 30, 2021 $ 9,822 $ 182 $ 10,004 Stock-based compensation 14 - 14 Comprehensive loss: (2,426) (139) (2,565) Other comprehensive income 1,239 - 1,239 Equity accounted (loss) earnings (3,665) (139) (3,804) Share of net (loss) income (3,665) 16 (3,649) Impairment - (155) (155) Sale of shares in equity-accounted investment (630) - (630) Equity-accounted investment acquired in business combination - 74 74 Foreign currency adjustment (2) (1,020) (16) (1,036) Balance as of June 30, 2022 5,760 101 5,861 Stock-based compensation 28 - 28 Comprehensive (loss) income: (1,271) 89 (1,182) Other comprehensive income 3,935 - 3,935 Equity accounted (loss) earnings (5,206) 89 (5,117) Share of (loss) net income (4,096) 89 (4,007) Impairment (1,110) - (1,110) Dividends received - (42) (42) Sale of shares in equity-accounted investment (506) - (506) Foreign currency adjustment (2) (971) (17) (988) Balance as of June 30, 2023 $ 3,040 $ 131 $ 3,171 Investment in loans: Balance as of June 30, 2021 $ - $ - $ - Foreign currency adjustment (2) - - - Balance as of June 30, 2022 - - - Loans repaid - (112) (112) Loans granted - 112 112 Foreign currency adjustment (2) - - - Balance as of June 30, 2023 $ - $ - $ - Equity Loans Total Carrying amount as of : June 30, 2022 $ 5,861 $ - $ 5,861 June 30, 2023 $ 3,171 $ - $ 3,171 (1) Includes Carbon, (2) The foreign against the U.S. dollar on the carrying value. |
Summary Financial Information Of Equity-Accounted Investments | Finbond (1) Bank Frick (2) Other (3) Balance sheet, as of February 28 June 30 Various Current assets (4) 2023 $ n/a $ n/a $ 3,601 2022 n/a n/a 23,207 Long-term assets 2023 269,428 n/a 1 2022 300,253 n/a 4,933 Current liabilities (4) 2023 n/a n/a 3,007 2022 n/a n/a 26,324 Long-term liabilities 2023 209,855 n/a 7 2022 234,154 n/a 5,733 Non-controlling interest 2023 16,414 n/a - 2022 11,781 - - Statement of operations, for the period ended February 28 June 30 (2) Various Revenue 2023 88,305 n/a 4,908 2022 80,656 n/a 4,100 2021 95,847 35,641 6,420 Operating (loss) income 2023 (20,941) n/a 219 2022 (21,017) n/a 984 2021 (18,980) 3,860 (2,406) (Loss) Income from continuing operations 2023 (19,780) n/a 184 2022 (18,379) n/a 657 2021 (15,466) 3,303 (2,534) Net (loss) income 2023 (15,858) n/a 184 2022 (16,432) n/a 657 2021 $ (17,889) $ 3,303 $ (2,534) (1) Finbond balances included were derived from its publicly available information (2) Bank Frick 2020 to January 31, 2021, and the full twelve months for fiscal 2020. (3) Includes Carbon, SmartSwitch Namibia, Carbon, for Carbon, SmartSwitch Namibia, Revix, and V2 for the year ended June 30, (4) Bank Frick and Finbond are banks and do not present current and these two entities are included under the long-term caption; |
Summary Of Other Long-Term Asset | June 30, June 30, 2023 2022 Total equity investments $ 76,297 $ 76,297 Investment in 10 % (June 30, 2022: 10 %) of MobiKwik (1) 76,297 76,297 Investment in 5 % of Cell C (June 30, 2022: 15 %) at fair value (Note 6) - - Investment in 87.50 87.50 (1)(2) - - Policy holder assets under investment contracts (Note 11) 257 371 Reinsurance assets under insurance contracts (Note 11) 1,040 1,424 Total other long-term $ 77,594 $ 78,092 (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 - - - - 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 |
Finbond Group Limited [Member] | |
Schedule Of Calculation Of Gain (Loss) On Disposal | Year 2023 2022 Loss on disposal of Finbond shares: Consideration received in cash $ 265 $ 865 Less: carrying value of Finbond shares sold (363) (630) Less: release of foreign currency translation reserve from accumulated comprehensive loss (252) (620) Add: release of stock-based compensation charge related 9 9 Loss on sale of Finbond shares $ (341) $ (376) |
Disposal Of Bank Frick on February 3, 2021 [Member] | |
Schedule Of Calculation Of Gain (Loss) On Disposal | February 2021 Loss on sale of Bank Frick: Consideration received in cash on February 3, 2021 $ 18,600 Consideration received with note on February 3, 2021, refer to (Note 4) 11,400 Less: transaction costs (42) Less: carrying value of Bank Frick (32,892) Add: release of foreign currency translation reserve from accumulated other 2,462 Loss on sale of Bank Frick (1) $ (472) (1) The Company consideration received. The Company does not believe that it will be able to utilize any capital loss, does not own any other capital assets and has since been deregistered. |
Carbon [Member] | |
Schedule Of Calculation Of Gain (Loss) On Disposal | 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 generate taxable income. |
Goodwill And Intangible Asset_2
Goodwill And Intangible Assets, Net (Tables) | 12 Months Ended |
Jun. 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 July 1, 2020 $ 63,194 $ (39,025) $ 24,169 Liquidation of subsidiaries (2) (26,629) 26,629 - Foreign currency adjustment (1) 6,384 (1,400) 4,984 Balance as of June 30, 2021 42,949 (13,796) 29,153 Acquisition of Connect (Note 3) (3) 153,693 - 153,693 Foreign currency adjustment (1) (21,166) 977 (20,189) Balance as of June 30, 2022 175,476 (12,819) 162,657 Impairment loss - (7,039) (7,039) Foreign currency adjustment (1) (22,857) 982 (21,875) Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 (1) – The against the U.S. dollar on the carrying value. (2) – The Company deconsolidated the year ended June 30, 2021. (3) – Represents date the transaction became effective. This goodwill has been |
Goodwill Allocated To Reportable Segments | Consumer Merchant Carrying value Balance as of July 1, 2020 $ - $ 24,169 $ 24,169 Liquidation of subsidiaries - - - Foreign currency adjustment (1) - 4,984 4,984 Balance as of June 30, 2021 - 29,153 29,153 Acquisition of Connect (Note 3) - 153,693 153,693 Foreign currency adjustment (1) - (20,189) (20,189) Balance as of June 30, 2022 - 162,657 162,657 Impairment loss - (7,039) (7,039) Foreign currency adjustment (1) - (21,875) (21,875) Balance as of June 30, 2023 $ - $ 133,743 $ 133,743 (1) – against the U.S. dollar on the carrying value. |
Schedule Of Acquired Intangible Assets | Fair value as of acquisition date Weighted-average amortization period (in years) Finite-lived intangible asset: Acquired during the year ended June 30, 2022: Connect – integrated platform $ 142,981 10 Connect – customer relationships 20,516 8 Connect –brands $ 15,987 10 |
Carrying Value And Accumulated Amortization Of Intangible Assets | As of June 30, 2023 As of June 30, 2022 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships (1) $ 24,978 $ (11,565) $ 13,413 $ 26,937 $ (9,140) $ 17,797 Software, integrated platform and unpatented technology (1) 110,906 (13,711) 97,195 127,785 (3,075) 124,710 FTS patent 2,034 (2,034) - 2,352 (2,352) - Brands and trademarks (1) 13,852 (2,863) 10,989 16,018 (1,823) 14,195 Total finite-lived intangible assets $ 151,770 $ (30,173) $ 121,597 $ 173,092 $ (16,390) $ 156,702 (1) 2022 balances include the intangible assets acquired as part of the |
Future Estimated Annual Amortization Expense | Fiscal 2023 $ 14,362 Fiscal 2024 14,364 Fiscal 2025 14,364 Fiscal 2026 14,310 Fiscal 2027 14,278 Thereafter 49,919 Total future $ 121,597 |
Assets And Policyholder Liabi_2
Assets And Policyholder Liabilities Under Insurance And Investment Contracts (Tables) | 12 Months Ended |
Jun. 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 July 1, 2021 $ 1,298 $ (2,011) Increase in policy holder benefits under insurance contracts 2,087 (9,540) Claims and policyholders’ benefits under insurance contracts (1,782) 9,336 Foreign currency adjustment (3) (179) 260 Balance as of June 30, 2022 1,424 (1,955) Increase in policy holder benefits under insurance contracts 785 (5,833) Claims and policyholders’ benefits under insurance contracts (986) 5,928 Foreign currency adjustment (3) (183) 260 Balance as of June 30, 2023 $ 1,040 $ (1,600) (1) Included in other long-term assets (refer to Note 9); (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 July 1, 2021 $ 381 $ (381) Increase in policy holder benefits under investment contracts 16 (16) Foreign currency adjustment (3) (26) 48 Balance as of June 30, 2022 371 (349) Increase in policy holder benefits under investment contracts 6 (6) Claims and decrease in policyholders’ benefits under investment contracts (69) 69 Foreign currency adjustment (3) (51) 45 Balance as of June 30, 2023 $ 257 $ (241) (1) Included in other long-term assets (refer to Note 9); (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) | 12 Months Ended |
Jun. 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 June 30, 2023 $ 74,319 $ 7,167 $ 10,882 $ 8,311 $ 100,679 Overdraft - - 10,882 - 10,882 Overdraft restricted as to use for ATM funding only 74,319 - - - 74,319 Indirect and derivative facilities - 7,167 - 8,311 15,478 Movement in utilized overdraft facilities: Balance as of June 30, 2021 14,245 - - - 14,245 Facilities acquired in transaction - - 16,903 - 16,903 Utilized 563,588 - 5,929 1,345 570,862 Repaid (517,948) - (6,189) (1,322) (525,459) Foreign currency adjustment (1) (8,547) - (1,763) (23) (10,333) Balance as of June 30, 2022 51,338 - 14,880 - 66,218 Restricted as to use for ATM funding only 51,338 - - - 51,338 No restrictions as to use - - 14,880 - 14,880 Utilized 501,603 - 18,462 - 520,065 Repaid (524,766) - (22,505) - (547,271) Foreign currency adjustment (1) (5,154) - (1,812) - (6,966) Balance as of June 30, 2023 23,021 - 9,025 - 32,046 Restricted as to use for ATM funding only 23,021 - - - 23,021 No restrictions as to use - - 9,025 - 9,025 Interest rate as of June 30, 2023 (%) (2) 11.7500 - 11.6500 - Movement in utilized indirect and derivative facilities: Balance as of June 30, 2021 - - - 5,398 5,398 Utilized - - - 4,009 4,009 Foreign currency adjustment (1) - - - 1,540 1,540 Balance as of June 30, 2022 - 313 - 5,654 10,947 Guarantees cancelled (3) - - - (5,017) (5,017) Utilized - 1,561 - - 1,561 Foreign currency adjustment (1) - (117) - (525) (642) Balance as of June 30, 2023 $ - $ 1,757 $ - $ 112 $ 6,849 (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 %. (3) Represents 90 5.0 required due the reduction in the volume and value of transactions processed. |
Summary Of Long-Term Borrowings | Facilities G & H A&B CCC/ K2020 Asset backed Total Opening balance as of June 30, 2021 $ - $ - $ - $ - $ - Facilities acquired in transaction - 72,318 9,772 4,870 86,960 Facilities utilized 77,069 - 472 1,310 78,851 Facilities repaid (4,492) - (933) (156) (5,581) Non-refundable fees paid (1,307) - - - (1,307) Non-refundable fees amortized 196 18 37 - 251 Foreign currency adjustment (1) (8,112) (7,864) (1,002) (550) (17,528) Included in current - 4,604 - 2,200 6,804 Included in long-term 63,354 59,868 8,346 3,274 134,842 Opening balance as of June 30, 2022 63,354 64,472 8,346 5,474 141,646 Facilities utilized - 10,947 7,377 6,031 24,355 Facilities repaid (10,543) (2,151) (2,149) (2,669) (17,512) Non-refundable fees paid (500) - (100) - (600) Non-refundable fees amortized 762 57 44 - 863 Capitalized interest 5,078 - - - 5,078 Capitalized interest repaid (514) - - - (514) Foreign currency adjustment (1) (8,672) (8,889) (1,716) (921) (20,198) Closing balance as of June 30, 2023 48,965 64,436 11,802 7,915 133,118 Included in current - - - 3,663 3,663 Included in long-term 48,965 64,436 11,802 4,252 129,455 Unamortized fees (598) (223) (65) - (886) Due within 2 years - - - 3,005 3,005 Due within 3 years 49,563 3,317 11,867 1,149 65,896 Due within 4 years - 7,300 - 98 7,398 Due within 5 years $ - $ 54,042 $ - $ - $ 54,042 Interest rates as of June 30, 2023 (%): 14.00 12.25 12.70 12.50 Base rate (%) 8.50 8.50 11.75 11.75 Margin (%) 5.50 3.75 0.95 0.75 Footnote number (2)(3)(4) (5) (6) (7) ( 1) Represents the effects of the fluctuations between the ZAR and the U.S. dollar. (2) Prior time plus a margin 3.00 % per annum until January 2.50 % per annum if the Facility G balance outstanding 250.0 3.00 % per annum 250.0 million to 450.0 3.50 % per 450.0 increase by a further 2.00 % per annum in the event of default (as defined in the Loan Documents). (3) Prior to the amendment in of 2.00 % per annum which increases by a further 2.00 % per annum in the event of default (as defined in the Loan Documents). (4) Interest on Facility January 1, 2023: 5.50 % for as 800 4.25 % if the balance under the Facilities is 800 350 2.50 % if the aggregate under the Facilities is less than ZAR 350 (5) Interest on Facility A and Facility B is calculated based on JIBAR plus a margin, of 3.75 %, in effect from time to time. (6) Interest is charged at prime plus 0.95 % per annum on the utilized balance. (7) Interest is charged at prime plus 0.75 % per annum on the utilized balance. |
Other Payables (Tables)
Other Payables (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Other Payables [Abstract] | |
Schedule Of Other Payables | June 30, June 30, 2023 2022 Accruals $ 7,078 $ 9,948 Provisions 7,429 7,365 Payroll-related payables 1,038 1,306 Participating merchants' settlement obligation 39 114 Value 1,247 845 Vendor - 1,459 Other 19,466 13,325 $ 36,297 $ 34,362 |
Common Stock (Tables)
Common Stock (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Common Stock [Abstract] | |
Schedule Of Number Of Shares, Net Of Treasury | 2023 2022 2021 Number of shares, net of treasury: Statement of changes in equity – common stock 63,640,246 62,324,321 56,716,620 Less: Non-vested equity shares that have not vested as of end of year (Note 2,614,419 2,385,267 384,560 Number of shares, net of treasury excluding non-vested equity shares that have not vested 61,025,827 59,939,054 56,332,060 |
Accumulated Other Comprehensi_2
Accumulated Other Comprehensive (Loss) Income (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Accumulated Other Comprehensive (Loss) Income [Abstract] | |
Change In Accumulated Other Comprehensive (Loss) Income Per Component | Accumulated foreign currency translation reserve Total Balance as of July 1, 2020 $ (169,075) $ (169,075) Release of foreign currency translation reserve: the disposal of Bank Frick (2,462) (2,462) Release of foreign currency translation reserve: liquidation of subsidiaries 605 605 Movement in foreign currency translation reserve related to equity-accounted investment (1,967) (1,967) Movement in foreign currency translation reserve 27,178 27,178 Balance as of July 1, 2021 (145,721) (145,721) Release of foreign currency translation reserve: disposal of Finbond (Note 9) 587 587 Release of foreign currency translation reserve: liquidation of subsidiaries 468 468 Movement in foreign currency translation reserve related to equity-accounted investment 1,239 1,239 Movement in foreign currency translation reserve (25,413) (25,413) Balance as of July 1, 2022 (168,840) (168,840) Release of foreign currency translation reserve: disposal of Finbond (Note 9) 362 362 Movement in foreign currency translation reserve related to equity investment 3,935 3,935 Movement in foreign currency translation reserve (31,183) (31,183) Balance as of June 30, 2023 $ (195,726) $ (195,726) |
Revenue (Tables)
Revenue (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Revenue [Abstract] | |
Revenue Disaggregated By Major Revenue Streams | Merchant Consumer Unallocated Total Processing fees $ 111,281 $ 26,159 $ 1,469 $ 138,909 South Africa 105,957 26,159 1,469 133,585 Rest of world 5,324 - - 5,324 Technology 19,017 1,253 - 20,270 South Africa 18,780 1,253 - 20,033 Rest of world 237 - - 237 Telecom products 322,756 45 - 322,801 South Africa 306,093 45 - 306,138 Rest of world 16,663 - - 16,663 Lending revenue - 19,504 - 19,504 Interest from customers 5,778 - - 5,778 Insurance revenue - 9,677 - 9,677 Account holder fees - 5,610 - 5,610 Other 4,869 553 - 5,422 South Africa 4,680 553 - 5,233 Rest of world 189 - - 189 Total revenue, derived locations 463,701 62,801 1,469 527,971 South Africa 441,288 62,801 1,469 505,558 Rest of world $ 22,413 $ - $ - $ 22,413 Merchant Consumer Total Processing fees $ 55,752 $ 28,982 $ 84,734 South Africa 48,305 28,982 77,287 Rest of world 7,447 - 7,447 Technology 25,891 277 26,168 South Africa 25,826 277 26,103 Rest of world 65 - 65 Telecom products 69,603 - 69,603 Lending revenue - 21,573 21,573 Interest from customers 1,121 - 1,121 Insurance revenue - 8,530 8,530 Account holder fees - 5,838 5,838 Other 4,310 732 5,042 South Africa 4,259 732 4,991 Rest of world 51 - 51 Total revenue, derived 156,677 65,932 222,609 South Africa 149,114 65,932 215,162 Rest of world $ 7,563 $ - $ 7,447 Merchant Consumer Unallocated Total Processing fees $ 29,585 $ 32,042 $ 1,693 $ 63,320 South Africa 27,960 32,042 - 60,002 Rest of world 1,625 - 1,693 3,318 Technology 18,683 331 - 19,014 Telecom products 13,422 - - 13,422 Lending revenue - 20,672 - 20,672 Insurance revenue - 6,605 - 6,605 Account holder fees - 5,342 - 5,342 Other 1,254 1,157 - 2,411 Total revenue, derived locations 62,944 66,149 1,693 130,786 South Africa 61,319 66,149 - 127,468 Rest of world $ 1,625 $ - $ 1,693 $ 3,318 |
Stock-Based Compensation (Table
Stock-Based Compensation (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Stock-Based Compensation [Abstract] | |
Range Of Assumptions Used To Value Options Granted | 2022 2021 Expected volatility 50 % 62 % Expected dividends 0 % 0 % Expected life (in years) 3.0 2.8 Risk-free rate 1.61 % 0.19 % |
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 ($) Outstanding - July 1, 2020 1,331,651 5.83 7.56 - 2.01 Granted – August 2020 150,000 3.50 3.00 166 1.11 Granted – November 2020 560,000 3.01 10.00 691 1.23 Exercised (17,335) 3.07 - 35 - Forfeited (729,484) 6.65 - 2.24 Outstanding - June 30, 2021 1,294,832 3.93 7.68 1,624 1.45 Granted – February 2022 137,620 4.87 10.00 235 1.71 Exercised (249,521) 3.05 - 470 - Forfeited (256,706) 4.53 - 1.69 Outstanding - June 30, 2022 926,225 4.14 6.60 1,249 1.60 Exercised (158,659) 3.04 - 200 - Forfeited (94,292) 3.99 - 1.81 Outstanding - June 30, 2023 673,274 4.37 5.14 239 1.67 Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Vested 673,274 4.37 5.14 239 Number of shares Weighted average exercise price ($) Weighted average remaining contractual term (in years) Aggregate intrinsic value ($’000) Exercisable - June 30, 2023 502,813 4.57 4.25 160 |
Restricted Stock Activity | Number of shares of restricted stock Weighted average grant date fair value ($’000) Non-vested – July 1, 2020 1,115,500 5,354 Granted – May 2021 254,560 1,035 Total vested (311,300) 1,037 Vested (244,500) 812 Vested (66,800) 225 Total forfeitures (674,200) 2,690 Forfeitures - employee terminations (644,200) 2,542 Forfeitures – September 2018 awards with market conditions (30,000) 148 Non-vested – June 30, 2021 384,560 1,123 Total granted 2,168,110 11,097 Granted – July 2021 234,608 963 Granted – August 2021 44,986 192 Granted – November and December 2021 326,158 1,766 Granted – December 2021 50,300 269 Granted – February 2022 29,920 146 Granted – March 2022 207,859 1,097 Granted – April 2022 1,250,486 6,540 Granted – May 2022 23,793 124 Total granted and vested - November and December 2021 - - Granted - November and December 2021 71,647 393 Vested (71,647) 393 Total vested (61,861) 306 Total forfeitures (105,542) 542 Forfeitures - employee terminations (75,542) 382 Forfeitures – September 2018 awards with market conditions (30,000) 160 Non-vested – June 30, 2022 2,385,267 11,879 Total granted 1,085,981 4,411 Granted – July 2022 32,582 172 Granted – August 2022 179,498 995 Granted - November 2022 150,000 605 Granted - December 2022 430,399 1,862 Granted - January 2023 11,806 57 Granted - June 2023 23,828 124 Granted - December 2022 - performance awards 257,868 596 Total vested (742,464) 3,171 Vested (78,801) 410 Vested (59,833) 250 Vested (7,060) 29 Vested (19,179) 83 Vested (69,286) 326 Vested (418,502) 1,721 Vested (61,861) 217 Vested (27,942) 135 Granted - December 2022 300,000 1,365 Vested (300,000) 1,365 Total forfeitures (114,365) 554 Forfeitures - employee terminations (34,365) 138 Forfeitures – February 2020 award with market condition (80,000) 416 Non-vested – June 30, 2023 2,614,419 11,869 |
Recorded Net Stock Compensation Charge | Total Allocated to IT processing, servicing and support Allocated to selling, general and administration Year Stock-based compensation charge $ 7,673 $ - $ 7,673 Reversal of stock compensation charge related to stock options and restricted stock forfeited (364) - (364) Total - year ended June $ 7,309 $ - $ 7,309 Year Stock-based compensation charge $ 3,082 $ - $ 3,082 Reversal of stock compensation charge related to stock options and restricted stock forfeited (120) - (120) Total - year ended June $ 2,962 $ - $ 2,962 Year Stock-based compensation charge $ 1,430 $ - $ 1,430 Reversal of stock compensation charge related to stock options and restricted stock forfeited (1,086) - (1,086) Total - year ended June $ 344 $ - $ 344 |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Income Tax [Abstract] | |
Component Of (Loss) Income Before Income Taxes | 2023 2022 2021 South Africa $ (21,308) $ (31,266) $ (30,825) United States (10,755) (8,509) (6,686) Liechtenstein - (509) (810) Other (203) 384 32,702 Loss before income taxes $ (32,266) $ (39,900) $ (5,619) |
Provision For Income Taxes By Location Of Taxing Jurisdiction | 2023 2022 2021 Current income tax expense (benefit) $ 6,317 $ 2,309 $ 859 South Africa 6,317 2,309 866 United States - - (75) Other - - 68 Deferred taxation (benefit) charge (7,442) (2,044) 6,691 South Africa (7,490) (2,154) (2,039) United States - - 9,136 Other 48 110 (406) Foreign tax credits generated – United States 115 62 10 Income tax (benefit) provision $ (2,309) $ 327 $ 7,560 |
Reconciliation Of Income Taxes | 2023 2022 2021 Income taxes at fully-distributed South African tax rates 27.00 % 28.00 % 28.00 % Movement in valuation allowance (17.66) % (22.05) % (250.16) % Prior year adjustments 7.60 % 0.01 % 1.77 % Foreign tax rate differential (0.02) % 0.02 % 51.21 % Change in tax laws – South Africa 4.03 % - - Non-deductible items (13.28) % (6.59) % (58.40) % Capital gains differential (0.51) % 0.11 % 93.03 % Release from FCTR - (0.33) % - Income tax provision 7.16 % (0.83) % (134.55) % |
Schedule Of Deferred Tax Assets And Liabilities | June 30, June 30, 2023 2022 Total Capital losses related to investments $ 36,267 $ 42,587 Net operating loss carryforwards 39,486 40,384 Foreign tax credits 32,599 32,671 Provisions and accruals 3,165 3,163 FTS patent 40 95 Other 4,217 2,063 Total 115,774 120,963 Valuation (109,120) (117,101) Total 6,654 3,862 Total Intangible assets 32,731 43,876 Investments 10,354 10,354 Other 94 67 Total 43,179 54,297 Reported as Long-term deferred tax assets 10,315 3,776 Long-term deferred tax liabilities 46,840 54,211 Net deferred income tax liabilities $ 36,525 $ 50,435 |
Movement In Valuation Allowance | Total Capital losses related to investments Net operating loss carry- forwards Foreign tax credits Other July 1, 2021 $ 118,777 $ 47,518 $ 36,270 $ 32,737 $ 2,252 Charged to statement of operations 8,119 195 7,647 - 277 Reversed to statement of operations (301) - (167) (66) (68) Utilized (1) - (1) - - Foreign currency adjustment (9,493) (5,126) (4,097) - (270) June 30, 2022 117,101 42,587 39,652 32,671 2,191 Charged to statement of operations 5,916 5 5,492 - 419 Reversed to statement of operations (1,701) - (579) (510) (612) Change in tax rate - South Africa (2,351) (1,190) (1,161) - - Foreign currency adjustment (9,845) (5,135) (5,023) 438 (125) June 30, 2023 $ 109,120 $ 36,267 $ 38,381 $ 32,599 $ 1,873 |
Schedule Of Net Operating Loss Carryforwards | Year U.S. net operating loss carry forwards 2024 $ 775 |
(Loss) Earnings Per Share (Tabl
(Loss) Earnings Per Share (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
(Loss) Earnings Per Share [Abstract] | |
Income From Continuing Operations And Share Data Used In Basic And Diluted Earnings Per Share Computations | 2023 2022 2021 (in thousands except percent and per share data) Numerator: Net loss attributable to Lesaka $ (35,074) $ (43,876) $ (38,057) Undistributed loss (35,074) (43,876) (38,057) Percent allocated to common shareholders (Calculation 1) 95% 98% 99% Numerator for loss per share: basic and diluted $ (33,407) $ (43,006) $ (37,825) Denominator Denominator for basic loss per share: weighted-average common shares outstanding 60,134 57,207 56,332 Effect of dilutive securities: Stock options - - 259 Denominator for diluted loss per share: adjusted weighted average common shares outstanding and assumed conversion 60,134 57,207 56,591 Loss per share: Basic $ (0.56) $ (0.75) $ (0.67) Diluted $ (0.56) $ (0.75) $ (0.67) (Calculation 1) Basic weighted-average common shares outstanding (A) 60,134 57,207 56,332 Basic weighted-average common shares outstanding and unvested restricted shares expected to vest (B) 63,134 58,364 56,678 Percent allocated to common shareholders 95% 98% 99% |
Supplemental Cash Flow Inform_2
Supplemental Cash Flow Information (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Supplemental Cash Flow Information [Abstract] | |
Schedule Of Supplemental Cash Flow Disclosures | 2023 2022 2021 Cash received from interest $ 1,841 $ 2,065 $ 2,222 Cash paid for interest $ 13,278 $ 5,817 $ 3,056 Cash paid for income taxes $ 7,200 $ 1,138 $ 16,608 |
Schedule Of Disaggregation Of Cash, Cash Equivalents And Restricted Cash | 2023 2022 2021 Cash and cash equivalents $ 35,499 $ 43,940 $ 198,572 Restricted cash 23,133 60,860 25,193 Cash, cash equivalents and restricted cash $ 58,632 $ 104,800 $ 223,765 |
Supplemental Cash Flow Disclosure Related To Leases | 2023 2022 2021 Cash paid related to lease liabilities Operating cash flows from operating leases $ 2,866 $ 3,971 $ 4,050 Right-of-use assets obtained in exchange for lease obligations Operating leases $ 983 $ 6,054 $ 3,000 |
Operating Segments (Tables)
Operating Segments (Tables) | 12 Months Ended |
Jun. 30, 2023 | |
Operating Segments [Abstract] | |
Reconciliation Of Reportable Segments Revenue | Revenue Reportable Segment Inter-segment Unallocated From external customers Merchant $ 463,701 $ - $ - $ 463,701 Consumer 62,801 - - 62,801 Unallocated - - 1,469 1,469 Total for the year $ 526,502 $ - $ 1,469 $ 527,971 Merchant $ 156,689 $ 12 $ - $ 156,677 Consumer 65,932 - - 65,932 Total for the year $ 222,621 $ 12 $ - $ 222,609 Merchant $ 62,944 $ - $ - $ 62,944 Consumer 66,149 - - 66,149 Unallocated - - 1,693 1,693 Total for the year $ 129,093 $ - $ 1,693 $ 130,786 |
Reconciliation Of Reportable Segments Measure Of Profit Or Loss To Income | 2023 2022 2021 Reportable segments measure of profit or loss $ 36,845 $ (9,028) $ (20,551) Operating loss: Unallocated - - (10,899) Operating loss: Group costs (9,109) (8,587) (6,965) Once-off costs (1,922) (8,088) (6,618) Unrealized Loss FV for currency adjustments (222) - - Lease adjustments (2,906) (3,955) (4,148) Stock-based compensation charge adjustments (7,309) (2,962) (344) Depreciation and amortization (23,685) (7,575) (4,347) Impairment loss (7,039) - - Gain related to fair value adjustment to currency options - 3,691 - Gain on disposal of equity securities - 720 - Loss on disposal of equity-accounted investment (Note 9) (205) (376) (13) Change in fair value of equity securities (Note 3) - - 49,304 Loss on disposal of equity-accounted investment - Bank Frick (Note - - (472) Interest income 1,853 2,089 2,416 Interest expense (18,567) (5,829) (2,982) Loss before income taxes $ (32,266) $ (39,900) $ (5,619) |
Summary Of Segment Information | 2023 2022 2021 Reportable segment revenue Merchant $ 463,701 $ 156,689 $ 62,944 Consumer 62,801 65,932 66,149 Total reportable segment 526,502 222,621 129,093 Segment Adjusted EBITDA Merchant 33,531 12,646 5,411 Consumer (1) 3,314 (21,674) (25,962) Total Segment Adjusted 36,845 (9,028) (20,551) Depreciation and amortization Merchant 7,422 2,186 866 Consumer 1,114 1,660 3,071 Subtotal: Operating segments 8,536 3,846 3,937 Group costs 15,149 3,729 359 Unallocated - - 51 Total 23,685 7,575 4,347 Expenditures for long-lived assets Merchant 12,986 2,846 852 Consumer 3,170 1,712 3,433 Subtotal: Operating segments 16,156 4,558 4,285 Group costs - - - Total $ 16,156 $ 4,558 $ 4,285 (1) Consumer Segment Adjusted EBITDA for the year ended June 30, 2022, includes reorganization costs of $ 5.9 |
Long-Lived Assets Based On Geographical Location | Long-lived assets 2023 2022 2021 South Africa $ 300,104 $ 359,725 $ 50,754 India - investment in MobiKwik (Note 9) 76,297 76,297 76,297 Rest of world 2,197 2,811 6,962 Total $ 378,598 $ 438,833 $ 134,013 |
Description Of Business And B_3
Description Of Business And Basis Of Presentation (Narrative) (Details) $ in Thousands, R in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Aug. 31, 2021 | Jul. 31, 2021 Item | Mar. 31, 2022 USD ($) | Mar. 31, 2022 ZAR (R) | Jun. 30, 2023 USD ($) | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | |
Error Corrections And Prior Period Adjustments Restatement [Line Items] | ||||||||
Proceeds from insurance settlements | R | R 38.6 | |||||||
Reorganization costs | $ | $ 0 | $ 5,894 | $ 0 | |||||
South Africa [Member] | ||||||||
Error Corrections And Prior Period Adjustments Restatement [Line Items] | ||||||||
Retrenchment costs | $ 6,700 | R 103.4 | ||||||
Reorganization costs | $ | 5,900 | |||||||
South Africa [Member] | July 2021 Civil Unrest In South Africa [Member] | ||||||||
Error Corrections And Prior Period Adjustments Restatement [Line Items] | ||||||||
Number of ATMs suffered damage | Item | 173 | |||||||
Number of branches suffered damage | Item | 19 | |||||||
Decrease in ATMs transaction volumes, percent | 3% | 13% | ||||||
Lost transaction fee revenue | $ 400 | R 6 |
Significant Accounting Polici_4
Significant Accounting Policies (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Research and development expenditures | $ 0.5 | $ 0.5 | $ 0.3 |
Statutory income tax rate | 27% | 28% | 28% |
South Africa [Member] | |||
Statutory income tax rate | 27% | 28% | 28% |
Significant Accounting Polici_5
Significant Accounting Policies (Schedule Of Property, Plant And Equipment Expected Economic Lives) (Details) | 12 Months Ended |
Jun. 30, 2023 | |
Safe Assets [Member] | |
Property, Plant and Equipment Useful Life | 8 years |
Computer Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment Useful Life | 3 years |
Computer Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment Useful Life | 8 years |
Office Equipment [Member] | Minimum [Member] | |
Property, Plant and Equipment Useful Life | 2 years |
Office Equipment [Member] | Maximum [Member] | |
Property, Plant and Equipment Useful Life | 10 years |
Vehicles [Member] | Minimum [Member] | |
Property, Plant and Equipment Useful Life | 3 years |
Vehicles [Member] | Maximum [Member] | |
Property, Plant and Equipment Useful Life | 8 years |
Furniture And Fittings [Member] | Minimum [Member] | |
Property, Plant and Equipment Useful Life | 3 years |
Furniture And Fittings [Member] | Maximum [Member] | |
Property, Plant and Equipment Useful Life | 10 years |
Significant Accounting Polici_6
Significant Accounting Policies (Schedule Of Intangible Assets Useful Lives) (Details) | 12 Months Ended |
Jun. 30, 2023 | |
Customer Relationships [Member] | Minimum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 1 year |
Customer Relationships [Member] | Maximum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 15 years |
Software, Integrated Platform And Unpatented Technology [Member] | Minimum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 3 years |
Software, Integrated Platform And Unpatented Technology [Member] | Maximum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 10 years |
FTS Patent [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 10 years |
Exclusive Licenses [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 7 years |
Brands And Trademarks [Member] | Minimum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 3 years |
Brands And Trademarks [Member] | Maximum [Member] | |
Finite-Lived And Infinite-Lived Intangible Assets [Line Items] | |
Intangible assets useful lives | 20 years |
Acquisitions (Narrative) (Detai
Acquisitions (Narrative) (Details) $ / shares in Units, $ in Thousands, R in Millions | 1 Months Ended | 12 Months Ended | ||||
Apr. 14, 2022 USD ($) Item $ / shares shares | Apr. 14, 2022 ZAR (R) Item shares | Apr. 30, 2022 Item shares | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Apr. 14, 2022 ZAR (R) | |
Business Acquisition [Line Items] | ||||||
Other long-term liabilities | $ 1,982 | $ 2,466 | ||||
Total cash paid | 240,582 | |||||
Maximum borrowing capacity | $ 100,679 | |||||
Connect [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Intangible assets acquired | $ 179,484 | |||||
Acquisition related costs | 6,000 | |||||
Deferred tax liabilities related to acquisition of intangible assets | 50,300 | |||||
Business combination consideration transferred amount | 258,900 | R 3,800 | ||||
Total cash paid | 240,600 | 3,500 | ||||
Contingent consideration | 1,600 | R 23.8 | ||||
Shares issued in business combination | $ 16,700 | R 241.9 | ||||
Business acquisition number of issuable number of shares | shares | 3,185,079 | 3,185,079 | 3,185,079 | |||
Numerator for calculation for business acquisition, amount | R | R 350 | |||||
Denominator for calculation for business acquisition, per share | $ / shares | $ 7.50 | |||||
Exchange rate | 14.65165 | 14.65165 | ||||
Closing price, per share | $ / shares | $ 5.23 | |||||
Business acquisition, implementation period | 24 months | |||||
Number of tranches | Item | 3 | 3 | 3 | |||
Implementation period for establishing ESOP | 36 months | |||||
Connect [Member] | Maximum [Member] | ||||||
Business Acquisition [Line Items] | ||||||
ESOP equal to value of company issued shares, percent | 5% | 5% | ||||
ESOP equal to value of company issued shares, shares | shares | 3,000,000 | 3,000,000 | ||||
Connect [Member] | Minimum [Member] | ||||||
Business Acquisition [Line Items] | ||||||
ESOP equal to value of company issued shares, percent | 3% | 3% | ||||
ESOP equal to value of company issued shares, shares | shares | 1,800,000 | 1,800,000 | ||||
Connect [Member] | Customer Relationships [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Finite lived Intangible Assets Acquired1 | $ 20,516 | |||||
Sale Agreement [Member] | Connect [Member] | RMB Member [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Maximum borrowing capacity | R | R 2,400 | |||||
Sale Agreement [Member] | Connect [Member] | RMB Member [Member] | Financing Agreements [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Maximum borrowing capacity | R | 1,100 | |||||
Sale Agreement [Member] | Connect [Member] | RMB Member [Member] | Financing Agreements CCMS RMB [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Maximum borrowing capacity | R | 1,300 | |||||
Sale Agreement [Member] | Connect [Member] | RMB Member [Member] | CCMS New Debt [Member] | ||||||
Business Acquisition [Line Items] | ||||||
Maximum borrowing capacity | R | R 250 |
Acquisitions (Schedule Of Cash
Acquisitions (Schedule Of Cash Paid Net Of Cash Received Related To Acquisition) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Business Acquisition [Line Items] | |||
Total cash paid | $ 240,582 | ||
Less: cash acquired | 38,423 | ||
Total cash paid, net of cash received | $ 0 | $ 202,159 | $ 0 |
Acquisitions (Schedule Of Preli
Acquisitions (Schedule Of Preliminary Purchase Price Allocation) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Apr. 14, 2022 | Jun. 30, 2021 | Jun. 30, 2020 |
Business Acquisition [Line Items] | |||||
Goodwill | $ 133,743 | $ 162,657 | $ 29,153 | $ 24,169 | |
Connect [Member] | |||||
Business Acquisition [Line Items] | |||||
Cash and cash equivalents | $ 38,423 | ||||
Accounts receivable | 24,032 | ||||
Finance loans receivable | 15,706 | ||||
Inventory | 11,431 | ||||
Property, plant and equipment | 20,872 | ||||
Operating lease right of use asset | 753 | ||||
Equity-accounted investment | 73 | ||||
Goodwill | 153,693 | ||||
Intangible assets | 179,484 | ||||
Deferred income taxes assets | 2,284 | ||||
Short term facilities | (16,903) | ||||
Accounts payable | (27,914) | ||||
Other payables | (4,793) | ||||
Operating lease liability - current | (434) | ||||
Current portion of long-term borrowings | 0 | ||||
Income taxes payable | (982) | ||||
Deferred income taxes liabilities | (50,255) | ||||
Operating lease liability - long-term | (319) | ||||
Long-term borrowings | (86,960) | ||||
Settlement assets | 13,561 | ||||
Settlement liabilities | (12,875) | ||||
Fair value of assets and liabilities on acquisition | $ 258,877 |
Accounts Receivable, Net And _3
Accounts Receivable, Net And Other Receivables And Finance Loans Receivable, Net (Narrative) (Details) - USD ($) | 1 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Feb. 03, 2021 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 9) | $ 656,000 | $ 865,000 | $ 0 | ||
Interest income | 1,853,000 | 2,089,000 | 2,416,000 | ||
Cedar Cellular Investment1 Ltd [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Interest income | $ 0 | 0 | 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% | ||||
Bank Frick [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 9) | $ 0 | 11,390,000 | 18,568,000 | ||
Consideration received in cash | $ 15,000,000 | ||||
Trade Accounts Receivable [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Remaining receivable amount | 25,665,000 | 28,898,000 | |||
Accounts receivable, trade, gross | 11,546,000 | 14,413,000 | |||
Other receivables | $ 14,628,000 | $ 14,994,000 | |||
Microlending Finance [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Gross loan allowance provision book, percent | 6.50% | 10% | |||
Carbon Loan [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Proceeds from disposal of equity-accounted investments (Note 9) | $ 750,000 | ||||
Accounts receivable, trade, gross | $ 3,000,000 | ||||
Allowance for doubtful loans receivable | 750,000 | ||||
Carrying value of investment in a note | 250,000 | ||||
Loan receivable allowance | 250,000 | $ 3,000,000 | |||
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 | |||
Receivable, interest rate | 24.82% | 24.82% | |||
Transactions-Switching Funds [Member] | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Other receivables | $ 3,300,000 |
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 | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Notes8.625 Percent [Member] | Investment In Cedar Cellular Investment One [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest rate | 8.625% | |
Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, trade, net | $ 11,037 | $ 13,904 |
Accounts receivable, trade, gross | 11,546 | 14,413 |
Allowance for doubtful accounts receivable, end of period | 509 | 509 |
Beginning of period | 509 | 267 |
Reallocation to allowance for doubtful finance loans receivable | (418) | 0 |
Reversed to statement of operations | (31) | (133) |
Charged to statement of operations | 2,006 | 779 |
Utilized | (1,646) | (154) |
Foreign currency adjustment | 89 | (250) |
Other receivables | 14,628 | 14,994 |
Total accounts receivable, net | 25,665 | 28,898 |
Accounts Receivable [Member] | Held To Maturity Investments [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Accounts receivable, trade, gross | 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 | 3,000 | |
Carbon [Member] | Accounts Receivable [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Loan provided | $ 0 | $ 0 |
Cedar Cellular Investment1 Ltd [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Equity ownership percentage | 7.625% | 7.625% |
Cedar Cellular Investment1 Ltd [Member] | Notes8.625 Percent [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Interest rate | 8.625% | 8.625% |
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 | Jun. 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 | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total finance loans receivable, net | $ 36,744 | $ 33,892 |
Total accounts receivable, net | 36,744 | 33,892 |
Microlending Finance Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total finance loans receivable, net | 20,605 | 20,058 |
Receivable, gross | 22,037 | 21,452 |
Allowance for doubtful finance loans receivable, end of period | 1,432 | 1,394 |
Beginning of period | 1,394 | 2,349 |
Reversed to statement of operations | 0 | (805) |
Charged to statement of operations | 1,452 | 1,268 |
Utilized | (1,214) | (1,179) |
Foreign currency adjustment | (200) | (239) |
Merchant Finance Loans [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Total finance loans receivable, net | 16,139 | 13,834 |
Receivable, gross | 18,289 | 14,131 |
Allowance for doubtful finance loans receivable, end of period | 2,150 | 297 |
Beginning of period | 297 | 0 |
Reversed to statement of operations | (1,268) | 0 |
Reallocation to allowance for doubtful finance loans receivable | 418 | 0 |
Charged to statement of operations | 3,068 | 442 |
Utilized | 0 | 0 |
Foreign currency adjustment | $ (365) | $ (145) |
Inventory (Narrative) (Details)
Inventory (Narrative) (Details) $ in Thousands, R in Millions | 12 Months Ended | ||
Jun. 30, 2023 ZAR (R) | Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | |
Inventory [Line Items] | |||
Finished goods | $ 24,488 | $ 31,633 | |
Amount per month of purchased inventory agreement | R | R 10 | ||
Airtime Inventory Subject To Sale Restrictions [Member] | |||
Inventory [Line Items] | |||
Finished goods | $ 8,600 | $ 13,700 |
Inventory (Schedule Of Inventor
Inventory (Schedule Of Inventory) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Inventory [Abstract] | ||
Raw materials | $ 2,819 | $ 2,446 |
Work in progress | 30 | 147 |
Finished goods | 24,488 | 31,633 |
Inventory | $ 27,337 | $ 34,226 |
Fair Value Of Financial Instr_3
Fair Value Of Financial Instruments (Narrative) (Details) | 3 Months Ended | 12 Months Ended | |||
Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Jun. 30, 2023 USD ($) Item shares | Jun. 30, 2022 USD ($) Item | Jun. 30, 2021 USD ($) | |
Derivatives, Fair Value [Line Items] | |||||
Outstanding foreign exchange contracts | Item | 0 | 0 | |||
Transfers into or out of Level 3 | $ 0 | $ 0 | $ 0 | ||
Foreign currency transaction realized gain | 3,700,000 | ||||
Net gain related to fair value adjustment to currency options | 6,100,000 | ||||
(Gain) Loss related to fair value adjustment to currency options | $ 2,400,000 | $ 2,400,000 | |||
Nonrecurring [Member] | |||||
Derivatives, Fair Value [Line Items] | |||||
Liabilities measured at fair value | 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% | 10% | |||
Cell C [Member] | Minority Discount [Member] | |||||
Derivatives, Fair Value [Line Items] | |||||
Investment fair value measurement inputs | 24% | 15% | |||
Cell C [Member] | Minimum [Member] | |||||
Derivatives, Fair Value [Line Items] | |||||
Increase decrease in weighted average cost of capital | (1.00%) | ||||
Cell C [Member] | Maximum [Member] | |||||
Derivatives, Fair Value [Line Items] | |||||
Increase decrease in weighted average cost of capital | 1% | ||||
Cell C [Member] | Class A [Member] | |||||
Derivatives, Fair Value [Line Items] | |||||
Investment shares owned | shares | 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% |
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 | 12 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 ZAR (R) | |
Net adjusted external debt | $ 0.4 | $ 0.8 | R 8.1 | R 13.5 |
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% | 3% | ||
Marketability Discount [Member] | ||||
Investment fair value measurement inputs | 20% | 10% | ||
Minority Discount [Member] | ||||
Investment fair value measurement inputs | 24% | 15% |
Fair Value Of Financial Instr_5
Fair Value Of Financial Instruments (Schedule Of Impact On Carrying Value Of Cell C Investment) (Details) $ in Thousands | Jun. 30, 2023 USD ($) |
1.9% 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 |
1.9% Increase [Member] | EBITDA Multiple [Member] | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |
Sensitivity for fair value of Cell C investment | 1,196 |
3.2% 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 | 616 |
3.2% 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) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 |
Cell C [Member] | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Fixed maturity investments (included in cash and cash equivalents) | $ 0 | $ 0 | |
Recurring [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) | 258 | 371 | |
Fixed maturity investments (included in cash and cash equivalents) | 3,119 | 1,196 | |
Total assets at fair value | 3,377 | 1,567 | |
Quoted Price In Active Markets For Identical Assets (Level 1) [Member] | Recurring [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) | 258 | 371 | |
Fixed maturity investments (included in cash and cash equivalents) | 3,119 | 1,196 | |
Total assets at fair value | 3,377 | 1,567 | |
Significant Other Observable Inputs (Level 2) [Member] | Recurring [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] | Recurring [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 |
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 | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Liabilities | |||
Foreign currency adjustment | $ 20 | $ 466 | $ (840) |
Recurring [Member] | |||
Assets | |||
Beginning balance, Carrying value | 1,567 | ||
Ending balance, Carrying value | 3,377 | 1,567 | |
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 | $ 0 |
Property, Plant And Equipment_3
Property, Plant And Equipment, Net (Summary Of Cost, Accumulated Depreciation And Carrying Amount Of Property, Plant And Equipment) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Property Plant And Equipment [Line Items] | ||
Cost | $ 64,010 | $ 59,848 |
Accumulated depreciation | 36,563 | 35,249 |
Carrying amount | 27,447 | 24,599 |
Safe Assets [Member] | ||
Property Plant And Equipment [Line Items] | ||
Cost | 19,229 | 16,275 |
Accumulated depreciation | 4,353 | 939 |
Carrying amount | 14,876 | 15,336 |
Computer Equipment [Member] | ||
Property Plant And Equipment [Line Items] | ||
Cost | 35,158 | 32,814 |
Accumulated depreciation | 25,645 | 26,420 |
Carrying amount | 9,513 | 6,394 |
Furniture And Office Equipment [Member] | ||
Property Plant And Equipment [Line Items] | ||
Cost | 7,508 | 7,549 |
Accumulated depreciation | 5,602 | 6,060 |
Carrying amount | 1,906 | 1,489 |
Vehicles [Member] | ||
Property Plant And Equipment [Line Items] | ||
Cost | 2,070 | 3,195 |
Accumulated depreciation | 955 | 1,829 |
Carrying amount | 1,115 | 1,366 |
Plant And Machinery [Member] | ||
Property Plant And Equipment [Line Items] | ||
Cost | 45 | 15 |
Accumulated depreciation | 8 | 1 |
Carrying amount | $ 37 | $ 14 |
Leases (Narrative) (Details)
Leases (Narrative) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Lessee, Lease, Description [Line Items] | |||
Operating lease payments | $ 2,866 | $ 3,971 | $ 4,050 |
Short-term Leasing Arrangements [Member] | |||
Lessee, Lease, Description [Line Items] | |||
Operating lease expense | $ 4,200 | $ 4,900 | $ 4,100 |
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 | ||
Financial Services Business [Member] | Maximum [Member] | |||
Lessee, Lease, Description [Line Items] | |||
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 | Jun. 30, 2023 | Jun. 30, 2022 |
Lessee, Operating Lease, Liability, Payment, Due [Abstract] | ||
Weighted average remaining lease term (years) | 1 year 9 months 7 days | 2 years 1 month 20 days |
Weighted average discount rate | 9.70% | 9.30% |
2024 | $ 2,123 | |
2025 | 1,182 | |
2026 | 873 | |
2027 | 868 | |
2028 | 767 | |
Thereafter | 0 | |
Total undiscounted operating lease liabilities | 5,813 | |
Less imputed interest | 928 | |
Total operating lease liabilities, included in | 4,885 | |
Operating lease liability - current | 1,747 | $ 2,498 |
Operating lease liability - long-term | $ 3,138 | $ 4,827 |
Leases (Supplemental Balance _2
Leases (Supplemental Balance Sheet Disclosure Related To Right-of-use Assets And Operating Leases Liabilities) (Alternate) (Details) $ in Thousands | Jun. 30, 2023 USD ($) |
Leases [Abstract] | |
Total undiscounted operating lease liabilities | $ 5,813 |
Less imputed interest | 928 |
Total operating lease liabilities, included in | $ 4,885 |
Equity-Accounted Investments _3
Equity-Accounted Investments And Other Long-Term Assets (Narrative) (Details) R / shares in Units, $ / shares in Units, R in Millions | 1 Months Ended | 3 Months Ended | 12 Months Ended | ||||||||||||||||||||||||
Aug. 10, 2023 USD ($) | Aug. 10, 2023 ZAR (R) R / shares | Feb. 03, 2021 USD ($) | Oct. 26, 2020 USD ($) | Sep. 30, 2020 USD ($) $ / shares | Apr. 01, 2020 ZAR (R) Item | Aug. 02, 2017 USD ($) shares | Aug. 02, 2017 ZAR (R) shares | Feb. 28, 2022 USD ($) | Oct. 31, 2021 shares | Jun. 30, 2021 USD ($) $ / shares | Mar. 31, 2021 USD ($) $ / shares | Nov. 30, 2020 USD ($) $ / shares | Oct. 31, 2020 USD ($) | Mar. 31, 2020 USD ($) | Mar. 31, 2020 ZAR (R) | Jun. 30, 2017 USD ($) | Aug. 31, 2016 USD ($) | Sep. 30, 2022 R / shares | Dec. 31, 2020 USD ($) $ / shares | Sep. 30, 2020 USD ($) Item $ / shares | Jun. 30, 2023 USD ($) shares | Jun. 30, 2022 USD ($) shares | Jun. 30, 2021 USD ($) $ / shares | Jun. 30, 2019 USD ($) | Jun. 30, 2023 ZAR (R) R / shares shares | Jul. 01, 2020 USD ($) | |
Market value of holding | $ 3,171,000 | $ 5,861,000 | |||||||||||||||||||||||||
Cash payment for repurchase of common stock | 1,287,000 | 0 | $ 0 | ||||||||||||||||||||||||
Change in fair value of equity securities | 0 | 0 | 49,304,000 | ||||||||||||||||||||||||
Equity Method Investment Realized Gain Loss On Disposal | (205,000) | (376,000) | (13,000) | ||||||||||||||||||||||||
Bank Frick [Member] | |||||||||||||||||||||||||||
Fair value of consideration received | $ 15,000,000 | ||||||||||||||||||||||||||
Amount payable to terminate all existing arrangements and settle all liabilities | 3,600,000 | ||||||||||||||||||||||||||
Transaction costs incurred | 40,000 | ||||||||||||||||||||||||||
Consideration amount from disposal of discontinued operation including liabilities | 18,600,000 | ||||||||||||||||||||||||||
Carbon Tech Limited [Member] | |||||||||||||||||||||||||||
Cash consideration received on transaction | $ 500,000 | ||||||||||||||||||||||||||
Percentage of retained equity ownership interest disposed | 25% | ||||||||||||||||||||||||||
Allowance for doubtful loans receivable | $ 1,000,000 | ||||||||||||||||||||||||||
Equity Method Investment Realized Gain Loss On Disposal | $ 250,000 | ||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||
Loan [Member] | Carbon Tech Limited [Member] | |||||||||||||||||||||||||||
Notes payable amount | 750,000 | ||||||||||||||||||||||||||
Debt, face value | $ 3,000,000 | ||||||||||||||||||||||||||
Receivable On July 15, 2022 [Member] | Bank Frick [Member] | |||||||||||||||||||||||||||
Fair value of consideration received | 3,900,000 | ||||||||||||||||||||||||||
Receivable On October 30, 2021 [Member] | Bank Frick [Member] | |||||||||||||||||||||||||||
Fair value of consideration received | 7,500,000 | ||||||||||||||||||||||||||
Finbond [Member] | |||||||||||||||||||||||||||
Equity-accounted investments, ownership percentage | 27.80% | 29.31% | 27.80% | ||||||||||||||||||||||||
Investment shares owned | shares | 220,523,358 | 220,523,358 | |||||||||||||||||||||||||
Number of shares sold | shares | 25,456,545 | 22,841,030 | |||||||||||||||||||||||||
Impairment loss on equity method investment | $ 800,000 | $ 16,800,000 | $ 1,100,000 | 17,700,000 | |||||||||||||||||||||||
Market value of holding | $ 4,600,000 | R 86,000 | |||||||||||||||||||||||||
Share price per share | (per share) | $ 1.04 | R 0.49 | $ 0.99 | $ 1.04 | R 0.39 | ||||||||||||||||||||||
Number of shareholders that own approximately 90% of issued and outstanding shares | Item | 3 | ||||||||||||||||||||||||||
Liquidity discount | 25% | 15% | 15% | 15% | |||||||||||||||||||||||
Percentage of issued and outstanding shares owned by three shareholders | 90% | 80% | |||||||||||||||||||||||||
Equity Method Investment Realized Gain Loss On Disposal | $ (400,000) | $ (400,000) | |||||||||||||||||||||||||
Finbond [Member] | Subsequent Event [Member] | |||||||||||||||||||||||||||
Cash consideration received on transaction | $ 3,400,000 | R 64.2 | |||||||||||||||||||||||||
Sale price per share | R / shares | R 0.2911 | ||||||||||||||||||||||||||
V2 [Member] | |||||||||||||||||||||||||||
Impairment loss on equity method investment | 500,000 | ||||||||||||||||||||||||||
Market value of holding | $ 700,000 | ||||||||||||||||||||||||||
Working capital facility | $ 1,500,000 | $ 5,000,000 | $ 1,500,000 | 5,000,000 | |||||||||||||||||||||||
Amount drawn from working capital facility grant | $ 1,000,000 | 500,000 | |||||||||||||||||||||||||
Allowance for doubtful loans receivable | $ 1,500,000 | $ 1,500,000 | |||||||||||||||||||||||||
Cell C [Member] | |||||||||||||||||||||||||||
Equity-accounted investments, ownership percentage | 15% | 5% | 15% | 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% | ||||||||||||||||||||||||
Investment amount owned | $ 52,900,000 | $ 27,000,000 | $ 42,100,000 | $ 76,300,000 | |||||||||||||||||||||||
Share price per share | $ / shares | $ 245.50 | $ 170.33 | $ 135.54 | $ 245.50 | |||||||||||||||||||||||
Post conversion share price | $ / shares | $ 12.28 | $ 8.52 | $ 6.78 | $ 12.28 | |||||||||||||||||||||||
Aggregate purchase price of shares in cash | $ 10,600,000 | $ 15,000,000 | $ 1,100,000 | ||||||||||||||||||||||||
Change in fair value of equity securities | $ 24,000,000 | $ 10,800,000 | $ 15,100,000 | $ 49,300,000 | |||||||||||||||||||||||
Mobikwik [Member] | I P O [Member] | |||||||||||||||||||||||||||
Shares issued in conversion | shares | 6,215,620 | ||||||||||||||||||||||||||
Equity investment, shares, conversion ratio | 20 | ||||||||||||||||||||||||||
Mobikwik [Member] | Convertible Preferred Stock [Member] | I P O [Member] | |||||||||||||||||||||||||||
Compulsorily Convertible Cumulative Preference Shares | shares | 310,781 | ||||||||||||||||||||||||||
Mobikwik [Member] | Minimum [Member] | |||||||||||||||||||||||||||
Equity investment acquisition period | 24 months | ||||||||||||||||||||||||||
Mobikwik [Member] | Maximum [Member] | |||||||||||||||||||||||||||
Market value of holding | $ 40,000,000 | ||||||||||||||||||||||||||
Carbon [Member] | |||||||||||||||||||||||||||
Investment amount owned | $ 0 | ||||||||||||||||||||||||||
Carbon [Member] | Carbon Tech Limited [Member] | |||||||||||||||||||||||||||
Investment amount owned | $ 0 | ||||||||||||||||||||||||||
Revix [Member] | |||||||||||||||||||||||||||
Investment amount owned | $ 0 | ||||||||||||||||||||||||||
Fair value of consideration received | 700,000 | ||||||||||||||||||||||||||
Equity Method Investment Realized Gain Loss On Disposal | $ 700,000 | ||||||||||||||||||||||||||
Lesaka [Member] | DNI [Member] | Call Option [Member] | |||||||||||||||||||||||||||
Cash consideration received on transaction | $ 5,500,000 | R 99.2 | |||||||||||||||||||||||||
Lesaka [Member] | Finbond [Member] | |||||||||||||||||||||||||||
Equity-accounted investments, ownership percentage | 27.80% | 27.80% | |||||||||||||||||||||||||
Lesaka [Member] | Cell C [Member] | Class A [Member] | |||||||||||||||||||||||||||
Investment shares owned | shares | 75,000,000 | 75,000,000 | |||||||||||||||||||||||||
Aggregate purchase price of shares in cash | $ 151,000,000 | R 2,000 | |||||||||||||||||||||||||
Lesaka [Member] | MIC [Member] | Sale Of Remaining Interest in DNI [Member] | Unsecured Notes Payable [Member] | |||||||||||||||||||||||||||
Cash consideration received on transaction | $ 5,700,000 | $ 300,000 | $ 6,000,000 | ||||||||||||||||||||||||
Number of equal installment payments | Item | 18 | ||||||||||||||||||||||||||
Periodic principal payment amount | R 5.5 | $ 300,000 | |||||||||||||||||||||||||
Frick Family Foundation [Member] | Bank Frick [Member] | |||||||||||||||||||||||||||
Consideration amount from disposal of discontinued operation including liabilities | $ 30,000,000 | ||||||||||||||||||||||||||
Percentage of retained equity ownership interest disposed | 35% |
Equity-Accounted Investments _4
Equity-Accounted Investments And Other Long-Term Assets (Ownership Percentage Of Equity-Accounted Investments) (Details) | Jun. 30, 2023 | Jun. 30, 2022 |
Finbond Group Limited [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 27.80% | 29.31% |
Sanduela Technology Proprietary Limited [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 49% | 49% |
Carbon Tech Limited ("Carbon"), formerly OneFi Limited [Member] | ||
Schedule of Equity Method Investments [Line Items] | ||
Equity-accounted investments, ownership percentage | 0% | 25% |
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 | 12 Months Ended | |||
Feb. 03, 2021 | Sep. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Long Lived Assets Held For Sale Line Items [Line Items] | |||||
Loss on disposal of equity-accounted investment (Note 9) | $ (205) | $ (376) | $ (13) | ||
Finbond Group Limited [Member] | |||||
Long Lived Assets Held For Sale Line Items [Line Items] | |||||
Consideration received in cash | 265 | 865 | |||
Less: equity-method interest sold (Note 10) | 363 | 630 | |||
Less: release of foreign currency translation reserve from accumulated other comprehensive loss | (252) | (620) | |||
Add: release of stock-based compensation charge related to equity-accounted investment | 9 | 9 | |||
Gain (loss) on sale before tax | $ (341) | $ (376) | |||
Disposal Of Bank Frick on February 3, 2021 [Member] | |||||
Long Lived Assets Held For Sale Line Items [Line Items] | |||||
Less: transaction costs | $ (42) | ||||
Less: carrying value | (32,892) | ||||
Less: release of foreign currency translation reserve from accumulated other comprehensive loss | 2,462 | ||||
Gain (loss) on sale before tax | (472) | ||||
Disposal Of Bank Frick on February 3, 2021 [Member] | Cash [Member] | |||||
Long Lived Assets Held For Sale Line Items [Line Items] | |||||
Consideration received in cash | 18,600 | ||||
Disposal Of Bank Frick on February 3, 2021 [Member] | Notes Receivable [Member] | |||||
Long Lived Assets Held For Sale Line Items [Line Items] | |||||
Consideration received in cash | $ 11,400 | ||||
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 before tax | $ 250 |
Equity-Accounted Investments _6
Equity-Accounted Investments And Other Long-Term Assets (Summary Of Movement In Equity-Accounted Investments) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Schedule of Equity Method Investments [Line Items] | |||
Balance | $ 234,920 | $ 275,980 | $ 290,213 |
Net (loss) income | (35,074) | (43,876) | (38,057) |
Balance | 179,478 | 234,920 | 275,980 |
Balance at beginning of period | 342,216 | ||
Loans granted | 112 | 0 | 1,238 |
Balance at end of period | 283,327 | 342,216 | |
Equity-accounted Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Impairment | (1,110) | (155) | |
Finbond [Member] | Equity-accounted Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Impairment | (1,110) | 0 | |
Other [Member] | Equity-accounted Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Impairment | 0 | (155) | |
Equity-accounted Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Balance | 5,861 | 10,004 | |
Stock-based compensation | 28 | 14 | |
Comprehensive (loss) income | (1,182) | (2,565) | |
Other comprehensive income | 3,935 | 1,239 | |
Net (loss) income | (5,117) | (3,804) | |
Share of net income (loss) (Note 1) | (4,007) | (3,649) | |
Dividends received | (42) | ||
Sale of shares in equity-accounted investment | (506) | (630) | |
Equity-accounted investment acquired in business combination | 74 | ||
Foreign currency adjustment | (988) | (1,036) | |
Balance | 3,171 | 5,861 | 10,004 |
Balance at beginning of period | 0 | 0 | |
Loans repaid | (112) | ||
Loans granted | 112 | ||
Foreign currency adjustment | 0 | 0 | |
Balance at end of period | 0 | 0 | 0 |
Equity-accounted Investees [Member] | Finbond [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Balance | 5,760 | 9,822 | |
Stock-based compensation | 28 | 14 | |
Comprehensive (loss) income | (1,271) | (2,426) | |
Other comprehensive income | 3,935 | 1,239 | |
Net (loss) income | (5,206) | (3,665) | |
Share of net income (loss) (Note 1) | (4,096) | (3,665) | |
Dividends received | 0 | ||
Sale of shares in equity-accounted investment | (506) | (630) | |
Equity-accounted investment acquired in business combination | 0 | ||
Foreign currency adjustment | (971) | (1,020) | |
Balance | 3,040 | 5,760 | 9,822 |
Balance at beginning of period | 0 | 0 | |
Loans repaid | 0 | ||
Loans granted | 0 | ||
Foreign currency adjustment | 0 | 0 | |
Balance at end of period | 0 | 0 | 0 |
Equity-accounted Investees [Member] | Other [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Balance | 101 | 182 | |
Stock-based compensation | 0 | 0 | |
Comprehensive (loss) income | 89 | (139) | |
Other comprehensive income | 0 | 0 | |
Net (loss) income | 89 | (139) | |
Share of net income (loss) (Note 1) | 89 | 16 | |
Dividends received | (42) | ||
Sale of shares in equity-accounted investment | 0 | 0 | |
Equity-accounted investment acquired in business combination | 74 | ||
Foreign currency adjustment | (17) | (16) | |
Balance | 131 | 101 | 182 |
Balance at beginning of period | 0 | 0 | |
Loans repaid | (112) | ||
Loans granted | 112 | ||
Foreign currency adjustment | 0 | 0 | |
Balance at end of period | $ 0 | $ 0 | $ 0 |
Equity-Accounted Investments _7
Equity-Accounted Investments And Other Long-Term Assets (Carrying Amount Of Equity-Accounted Investments) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 |
Schedule of Equity Method Investments [Line Items] | ||||
Equity | $ 179,478 | $ 234,920 | $ 275,980 | $ 290,213 |
Loans | 283,327 | 342,216 | ||
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 542,234 | 656,565 | ||
Equity-accounted Investees [Member] | ||||
Schedule of Equity Method Investments [Line Items] | ||||
Equity | 3,171 | 5,861 | 10,004 | |
Loans | 0 | 0 | $ 0 | |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $ 3,171 | $ 5,861 |
Equity-Accounted Investments _8
Equity-Accounted Investments And Other Long-Term Assets (Summary Financial Information Of Equity-Accounted Investments) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Balance sheet, as of | |||
Current assets | $ 163,636 | $ 217,732 | |
Current liabilities | 101,912 | 145,870 | |
Non-controlling interest | 0 | 0 | |
Statement of operation, for the period ended | |||
Revenue | 527,971 | 222,609 | $ 130,786 |
Operating (loss) income | (15,347) | (40,195) | (53,872) |
Income (loss) from continuing operations | (35,074) | (43,876) | (38,057) |
Net (loss) income | (35,074) | (43,876) | (38,057) |
Finbond [Member] | |||
Balance sheet, as of | |||
Long-term assets | 269,428 | 300,253 | |
Long-term liabilities | 209,855 | 234,154 | |
Non-controlling interest | 16,414 | 11,781 | |
Statement of operation, for the period ended | |||
Revenue | 88,305 | 80,656 | 95,847 |
Operating (loss) income | (20,941) | (21,017) | (18,980) |
Income (loss) from continuing operations | (19,780) | (18,379) | (15,466) |
Net (loss) income | (15,858) | (16,432) | (17,889) |
Bank Frick [Member] | |||
Statement of operation, for the period ended | |||
Revenue | 35,641 | ||
Operating (loss) income | 3,860 | ||
Income (loss) from continuing operations | 3,303 | ||
Net (loss) income | 3,303 | ||
Other [Member] | |||
Balance sheet, as of | |||
Current assets | 3,601 | 23,207 | |
Long-term assets | 1 | 4,933 | |
Current liabilities | 3,007 | 26,324 | |
Long-term liabilities | 7 | 5,733 | |
Non-controlling interest | 0 | 0 | |
Statement of operation, for the period ended | |||
Revenue | 4,908 | 4,100 | 6,420 |
Operating (loss) income | 219 | 984 | (2,406) |
Income (loss) from continuing operations | 184 | 657 | (2,534) |
Net (loss) income | $ 184 | $ 657 | $ (2,534) |
Equity-Accounted Investments _9
Equity-Accounted Investments And Other Long-Term Assets (Summary Of Other Long-Term Asset) (Details) - USD ($) | Jun. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2022 |
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 76,297,000 | $ 76,297,000 | |
Policy holder assets under investment contracts (Note 12) | 257,000 | 371,000 | |
Reinsurance assets under insurance contracts (Note 12) | 1,040,000 | 1,424,000 | |
Total other long-term assets | 77,594,000 | 78,092,000 | |
Mobikwik [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Total equity investments | $ 76,297,000 | $ 76,297,000 | |
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% | 15% | 15% |
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% | |
Cedar Cellular [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Equity-accounted investments, ownership percentage | 7.625% | 7.625% | |
Cedar Cellular [Member] | 8.625% Notes [Member] | |||
Schedule Of Equity And Held To Maturity Investments [Line Items] | |||
Interest rate | 8.625% | 8.625% |
Equity-Accounted Investments_10
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 ($) | Jun. 30, 2023 | Jun. 30, 2022 |
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | $ 26,993,000 | $ 26,993,000 |
Unrealized holding gains | 49,304,000 | 49,304 |
Unrealized holding losses | 0 | 0 |
Carrying value | 76,297,000 | 76,297,000 |
Mobikwik [Member] | ||
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | 26,993,000 | 26,993,000 |
Unrealized holding gains | 49,304,000 | 49,304 |
Unrealized holding losses | 0 | 0 |
Carrying value | 76,297,000 | 76,297,000 |
CPS [Member] | ||
Schedule Of Equity And Held To Maturity Investments [Line Items] | ||
Cost basis | 0 | |
Unrealized holding gains | 0 | |
Unrealized holding losses | 0 | |
Carrying value | 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 ($) | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Goodwill and Intangible Assets [Line Items] | |||
Impairment of goodwill | $ 7,000,000 | $ 0 | $ 0 |
Impairment loss of indefinite-lived intangible assets | 0 | 0 | 0 |
Amortization expense | $ 15,000,000 | $ 3,800,000 | $ 400,000 |
Goodwill And Intangible Asset_4
Goodwill And Intangible Assets, Net (Summary Of Movement In Carrying Value Of Goodwill) (Details) - USD ($) | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 | |
Gross value, Beginning Balance | $ 175,476,000 | $ 42,949,000 | $ 63,194,000 | |
Gross value, Liquidation of subsidiaries | (26,629,000) | |||
Gross value, Acquisition of Connect Group (Note 3) | 0 | 153,693,000 | ||
Gross value, Foreign currency adjustment | (22,857,000) | (21,166,000) | 6,384,000 | |
Gross value, Ending Balance | 152,619,000 | 175,476,000 | 42,949,000 | |
Accumulated impairment, Beginning Balance | (12,819,000) | (13,796,000) | (39,025,000) | |
Accumulated impairment, Impairment loss | (7,000,000) | 0 | 0 | |
Accumulated impairment, Liquidation of subsidiaries | 26,629,000 | |||
Accumulated impairment, Foreign currency adjustment | 982,000 | 977,000 | (1,400,000) | |
Accumulated impairment, Ending Balance | (18,876,000) | (12,819,000) | (13,796,000) | |
Carrying value, Beginning Balance | $ 24,169,000 | |||
Carrying value, Impairment loss | (7,039,000) | |||
Carrying value, Disposal of FIHRST (Note 23) | 0 | |||
Carrying value, Acquisition of Connect Group (Note 3) | 7,039,000 | 153,693,000 | ||
Carrying value, Liquidation of subsidiaries | 0 | |||
Accumulated impairment, Acquisition of Connect Group (Note 3) | (7,039,000) | |||
Carrying value, Foreign currency adjustment | (21,875,000) | (20,189,000) | 4,984,000 | |
Carrying value, Ending Balance | $ 133,743,000 | $ 162,657,000 | $ 29,153,000 | $ 24,169,000 |
Goodwill And Intangible Asset_5
Goodwill And Intangible Assets, Net (Goodwill Allocated To Reportable Segments) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Goodwill [Line Items] | |||
Carrying value, Beginning Balance | $ 162,657 | $ 29,153 | $ 24,169 |
Carrying value, Impairment loss | (7,039) | ||
Carrying value, Disposal of FIHRST (Note 23) | 0 | ||
Carrying value, Acquisition of Connect Group (Note 3) | 7,039 | 153,693 | |
Carrying value, Foreign currency adjustment | (21,875) | (20,189) | 4,984 |
Carrying value, Ending Balance | 133,743 | 162,657 | 29,153 |
Consumer [Member] | |||
Goodwill [Line Items] | |||
Carrying value, Beginning Balance | 0 | 0 | 0 |
Carrying value, Impairment loss | 0 | ||
Carrying value, Disposal of FIHRST (Note 23) | 0 | ||
Carrying value, Acquisition of Connect Group (Note 3) | 0 | ||
Carrying value, Foreign currency adjustment | 0 | 0 | 0 |
Carrying value, Ending Balance | 0 | 0 | 0 |
Merchant [Member] | |||
Goodwill [Line Items] | |||
Carrying value, Beginning Balance | 162,657 | 29,153 | 24,169 |
Carrying value, Impairment loss | (7,039) | ||
Carrying value, Disposal of FIHRST (Note 23) | 0 | ||
Carrying value, Acquisition of Connect Group (Note 3) | 153,693 | ||
Carrying value, Foreign currency adjustment | (21,875) | (20,189) | 4,984 |
Carrying value, Ending Balance | $ 133,743 | $ 162,657 | $ 29,153 |
Goodwill And Intangible Asset_6
Goodwill And Intangible Assets, Net (Schedule Of Acquired Intangible Assets) (Details) - Connect [Member] $ in Thousands | 12 Months Ended |
Jun. 30, 2022 USD ($) | |
Integrated Platform [Member] | |
Acquired Finite Lived Intangible Assets [Line Items] | |
Fair value as of acquisition date, finite lived intangible assets | $ 142,981 |
Weighted-average amortization period (in years) | 10 years |
Customer Relationships [Member] | |
Acquired Finite Lived Intangible Assets [Line Items] | |
Fair value as of acquisition date, finite lived intangible assets | $ 20,516 |
Weighted-average amortization period (in years) | 8 years |
Brands [Member] | |
Acquired Finite Lived Intangible Assets [Line Items] | |
Fair value as of acquisition date, finite lived intangible assets | $ 15,987 |
Weighted-average amortization period (in years) | 10 years |
Goodwill And Intangible Asset_7
Goodwill And Intangible Assets, Net (Carrying Value And Accumulated Amortization Of Intangible Assets) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, Gross carrying value | $ 151,770 | $ 173,092 |
Accumulated amortization | (30,173) | (16,390) |
Total future estimated amortization expense | 121,597 | 156,702 |
Total intangible assets, Net carrying value | 121,597 | 156,702 |
Customer Relationships [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, Gross carrying value | 24,978 | 26,937 |
Accumulated amortization | (11,565) | (9,140) |
Total future estimated amortization expense | 13,413 | 17,797 |
Software, Integrated Platform And Unpatented Technology [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, Gross carrying value | 110,906 | 127,785 |
Accumulated amortization | (13,711) | (3,075) |
Total future estimated amortization expense | 97,195 | 124,710 |
FTS Patent [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, Gross carrying value | 2,034 | 2,352 |
Accumulated amortization | (2,034) | (2,352) |
Total future estimated amortization expense | 0 | 0 |
Brands And Trademarks [Member] | ||
Finite-Lived Intangible Assets [Line Items] | ||
Finite-lived intangible assets, Gross carrying value | 13,852 | 16,018 |
Accumulated amortization | (2,863) | (1,823) |
Total future estimated amortization expense | $ 10,989 | $ 14,195 |
Goodwill And Intangible Asset_8
Goodwill And Intangible Assets, Net (Future Estimated Annual Amortization Expense) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Goodwill And Intangible Assets, Net [Abstract] | ||
Fiscal 2023 | $ 14,362 | |
Fiscal 2024 | 14,364 | |
Fiscal 2025 | 14,364 | |
Fiscal 2026 | 14,310 | |
Fiscal 2027 | 14,278 | |
Thereafter | 49,919 | |
Total future estimated amortization expense | $ 121,597 | $ 156,702 |
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) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | ||
Reinsurance assets, Beginning Balance | $ 1,424 | $ 1,298 |
Reinsurance assets, Increase in policyholder benefits under insurance contracts | 785 | 2,087 |
Reinsurance assets, Claims and policyholders' benefits under insurance contracts | (986) | (1,782) |
Reinsurance assets, Foreign currency adjustment | (183) | (179) |
Reinsurance assets, Ending Balance | 1,040 | 1,424 |
Insurance contracts, Beginning Balance | (1,955) | (2,011) |
Insurance contracts, Increase in policyholder benefits under insurance contracts | (5,833) | (9,540) |
Insurance contracts, Claims and policyholders' benefits under insurance contracts | 5,928 | (9,336) |
Insurance contracts, Foreign currency adjustment | 260 | 260 |
Insurance contracts, Ending Balance | $ (1,600) | $ (1,955) |
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) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Assets And Policyholder Liabilities Under Insurance And Investment Contracts [Abstract] | ||
Assets, Beginning Balance | $ 371 | $ 381 |
Assets, Increase in policyholder benefits under investment contracts | 6 | 16 |
Assets, Claims and policyholders' benefits under investment contracts | (69) | |
Assets, Foreign currency adjustment | (51) | (26) |
Assets, Ending Balance | 257 | 371 |
Investment contracts, Beginning Balance | (349) | (381) |
Investment contracts, Increase in policy holder benefits under investment contracts | (6) | (16) |
Investment contracts, Claims and decrease in policyholders' benefits under investment contracts | 69 | |
Investment contracts, Foreign currency adjustment | 45 | 48 |
Investment contracts, Ending Balance | $ (241) | $ (349) |
Borrowings (Narrative) (Details
Borrowings (Narrative) (Details) R in Thousands | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||
Jul. 01, 2022 ZAR (R) | Jun. 01, 2021 ZAR (R) | May 31, 2023 ZAR (R) | Feb. 28, 2023 ZAR (R) Item | Jul. 31, 2022 ZAR (R) | Jun. 30, 2023 USD ($) Item | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Sep. 12, 2023 ZAR (R) | Jun. 30, 2023 ZAR (R) Item | Mar. 22, 2023 ZAR (R) | Jun. 30, 2022 ZAR (R) | Aug. 02, 2021 USD ($) | Aug. 02, 2021 ZAR (R) | Aug. 01, 2021 USD ($) | Aug. 01, 2021 ZAR (R) | May 31, 2021 ZAR (R) | Nov. 02, 2020 ZAR (R) | Nov. 01, 2020 ZAR (R) | Sep. 26, 2018 USD ($) | Sep. 26, 2018 ZAR (R) | |
Maximum borrowing capacity | $ | $ 100,679,000 | |||||||||||||||||||||
Revolving Credit Facility [Member] | ||||||||||||||||||||||
Debt interest expense | $ | 1,400,000 | $ 200,000 | ||||||||||||||||||||
Unsecured Limited Guarantee Amount | R 10,000 | |||||||||||||||||||||
Revolving Credit Facility [Member] | Cash Connect Capital Proprietary Limited [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 300,000 | |||||||||||||||||||||
Intercompany loan amount | R 35,000 | |||||||||||||||||||||
Non-refundable origination fee | $ 100,000 | 1,700 | ||||||||||||||||||||
Facility G [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | R 708,600 | |||||||||||||||||||||
Benchmark percent of aggregate value | 50% | 50% | ||||||||||||||||||||
Facility H [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | R 357,400 | |||||||||||||||||||||
Percent of book value | 90% | 90% | ||||||||||||||||||||
Benchmark percent of aggregate value | 50% | 50% | ||||||||||||||||||||
Facility G And Facility H [Member] | ||||||||||||||||||||||
Commitment fee per annum payable on monthly unutilized amount | 35% | 35% | ||||||||||||||||||||
Facility G And Facility H [Member] | Facility Agreement Scenario 1 [Member] | ||||||||||||||||||||||
Line Of Credit | R 800,000 | |||||||||||||||||||||
Facility G And Facility H [Member] | Facility Agreement Scenario 3 [Member] | ||||||||||||||||||||||
Line Of Credit | R 350,000 | |||||||||||||||||||||
South Africa [Member] | Long-term Debt [Member] | ||||||||||||||||||||||
Interest expense incurred | $ | $ 13,100,000 | 2,300,000 | $ 0 | |||||||||||||||||||
Prepaid credit facility fees | $ | $ 800,000 | 200,000 | 0 | |||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||
Benchmark Multiple Of Accrued Interest For Facility | Item | 1.2 | 1.2 | ||||||||||||||||||||
Maximum [Member] | Facility G And Facility H [Member] | Facility Agreement Scenario 2 [Member] | ||||||||||||||||||||||
Line Of Credit | R 800,000 | |||||||||||||||||||||
Minimum [Member] | Facility G And Facility H [Member] | Facility Agreement Scenario 2 [Member] | ||||||||||||||||||||||
Line Of Credit | 350,000 | |||||||||||||||||||||
Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ | $ 74,319,000 | |||||||||||||||||||||
Term Loan [Member] | Facility G [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 508,600 | |||||||||||||||||||||
Revolving Credit Facilities [Member] | Facility G [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 200,000 | |||||||||||||||||||||
JIBAR [Member] | Facility G And Facility H [Member] | Facility Agreement Scenario 1 [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 5.50% | 5.50% | ||||||||||||||||||||
JIBAR [Member] | Facility G And Facility H [Member] | Facility Agreement Scenario 2 [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 4.25% | 4.25% | ||||||||||||||||||||
JIBAR [Member] | Facility G And Facility H [Member] | Facility Agreement Scenario 3 [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 2.50% | 2.50% | ||||||||||||||||||||
Prime Rate [Member] | Revolving Credit Facility [Member] | Cash Connect Capital Proprietary Limited [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 0.95% | 0.95% | ||||||||||||||||||||
Overdraft Facility [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ | $ 10,882,000 | |||||||||||||||||||||
Amount utilized | $ | 32,046,000 | 66,218,000 | 14,245 | |||||||||||||||||||
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||||||||||||||||||||
Amount utilized | $ | $ 23,021,000 | 51,338,000 | ||||||||||||||||||||
Overdraft Facility [Member] | Prime Rate [Member] | Nedbank Short-Term Credit Facility [Member] | South Africa [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 0.10% | 0.10% | ||||||||||||||||||||
CCMS Facilities [Member] | ||||||||||||||||||||||
Temporary increase in facility amount | R 155,000 | R 175,000 | ||||||||||||||||||||
Line of credit, extended maturity period | 1 month | 4 months | ||||||||||||||||||||
Number of payment instalments | Item | 4 | |||||||||||||||||||||
Periodic principal payment amount | R 43,800 | |||||||||||||||||||||
Non-refundable structuring fee | R 5,500 | |||||||||||||||||||||
CCMS Facilities [Member] | Facility A [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 700,000 | |||||||||||||||||||||
CCMS Facilities [Member] | Revolving Credit Facility [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 300,000 | |||||||||||||||||||||
Line Of Credit | 222,300 | |||||||||||||||||||||
CCMS Facilities [Member] | Facility B [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 550,000 | R 550,000 | ||||||||||||||||||||
Maximum borrowing capacity increase | R 200,000 | |||||||||||||||||||||
CCMS Facilities [Member] | Asset Backed Facility [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 200,000 | |||||||||||||||||||||
Amount utilized | 149,100 | |||||||||||||||||||||
CCMS Facilities [Member] | Overdraft Facility [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 205,000 | |||||||||||||||||||||
Amount utilized | 170,000 | |||||||||||||||||||||
CCMS Facilities [Member] | Prime Rate [Member] | South Africa [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 0.10% | |||||||||||||||||||||
Indirect And Derivative Facilities [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ | $ 15,478,000 | |||||||||||||||||||||
Amount utilized | $ | 6,849,000 | 10,947,000 | $ 5,398,000 | |||||||||||||||||||
Nedbank Limited [Member] | ||||||||||||||||||||||
Bank guarantee cancelled amount | R 60,000 | |||||||||||||||||||||
Release cash held pledged in bank | R 60,000 | |||||||||||||||||||||
Nedbank Limited [Member] | South African Credit Facility [Member] | Nedbank Short-Term Credit Facility [Member] | South Africa [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 8,300,000 | 156,600 | ||||||||||||||||||||
Bank guarantee cancelled amount | 13,000,000 | R 251,000 | ||||||||||||||||||||
Nedbank Limited [Member] | Overdraft Facility [Member] | Indirect And Derivative Facilities [Member] | South Africa [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 8,300,000 | 156,600 | R 156,600 | |||||||||||||||||||
Amount utilized | $ 100,000 | 5,700,000 | 2,100 | 92,100 | ||||||||||||||||||
Nedbank Limited [Member] | Overdraft Facility [Member] | Indirect And Derivative Facilities [Member] | Amendment [Member] | South Africa [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | R 157,000 | R 159,000 | R 159,000 | R 150,000 | ||||||||||||||||||
Credit facility settled in full and cancelled | R 50,000 | |||||||||||||||||||||
RMB Loan Facilities [Member] | RMB Member [Member] | ||||||||||||||||||||||
Guarantee amount | R 28,000 | |||||||||||||||||||||
RMB Loan Facilities [Member] | Facility G [Member] | Long-term Debt [Member] | ||||||||||||||||||||||
Non-refundable origination fee | 11,250 | |||||||||||||||||||||
RMB Loan Facilities [Member] | Facility H [Member] | Long-term Debt [Member] | ||||||||||||||||||||||
Non-refundable origination fee | 5,250 | |||||||||||||||||||||
Benchmark of market capitalization under facility agreement | R 3,250,000 | |||||||||||||||||||||
Asset cover ratio | 5 | 5 | ||||||||||||||||||||
RMB Loan Facilities [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | Lesaka [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ 79,600,000 | R 1,500,000 | ||||||||||||||||||||
RMB Loan Facilities [Member] | JIBAR [Member] | Facility G [Member] | Long-term Debt [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 8.50% | 8.50% | ||||||||||||||||||||
RMB Loan Facilities [Member] | Overdraft Facility [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ 74,300,000 | R 1,400,000 | ||||||||||||||||||||
RMB Loan Facilities [Member] | Overdraft Facility [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | Lesaka [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ 63,700,000 | R 1,200,000 | ||||||||||||||||||||
Percentage repayment of overdraft facility amount utilized | 90% | 90% | ||||||||||||||||||||
Amount utilized | $ 23,000,000 | R 400,000 | ||||||||||||||||||||
Credit facility expiration period | 25 days | 25 days | ||||||||||||||||||||
RMB Loan Facilities [Member] | Overdraft Facility [Member] | Prime Rate [Member] | Amended July 2017 [Member] | South Africa [Member] | Facility E [Member] | ||||||||||||||||||||||
Debt instrument variable interest rate | 11.75% | 11.75% | ||||||||||||||||||||
RMB Loan Facilities [Member] | Indirect And Derivative Facilities [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | 135,000 | 135,000 | ||||||||||||||||||||
RMB Loan Facilities [Member] | Indirect Credit Facility [Member] | ||||||||||||||||||||||
Maximum borrowing capacity | $ 7,200,000 | 135,000 | ||||||||||||||||||||
Amount utilized | $ 1,800,000 | $ 300,000 | R 33,100 | R 5,100 |
Borrowings (Summary Of Short-Te
Borrowings (Summary Of Short-Term Credit Facilities) (Details) R in Millions | 12 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | |
Short-term Debt [Line Items] | ||||
Short-term facility available | $ 100,679,000 | |||
Utilized | 520,065,000 | $ 570,862,000 | $ 360,083,000 | |
Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 74,319,000 | |||
Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 10,882,000 | |||
Beginning Balance | 66,218,000 | 14,245 | ||
Utilized | 520,065,000 | 570,862,000 | ||
Repaid | (547,271,000) | (525,459,000) | ||
Foreign currency adjustment | (6,966,000) | (10,333,000) | ||
Ending Balance | 32,046,000 | 66,218,000 | 14,245 | |
Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 51,338,000 | |||
Ending Balance | 23,021,000 | 51,338,000 | ||
Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 14,880,000 | |||
Ending Balance | 9,025,000 | 14,880,000 | ||
Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 15,478,000 | |||
Beginning Balance | 10,947,000 | 5,398,000 | ||
Guarantees cancelled | (5,017,000) | R 90 | ||
Utilized | 1,561,000 | 4,009,000 | ||
Foreign currency adjustment | (642,000) | 1,540,000 | ||
Ending Balance | 6,849,000 | 10,947,000 | 5,398,000 | |
RMB Facility E [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 74,319,000 | |||
RMB Facility E [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 74,319,000 | |||
RMB Facility E [Member] | Overdraft Facility [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 51,338,000 | 14,245,000 | ||
Utilized | 501,603,000 | 563,588,000 | ||
Repaid | (524,766,000) | (517,948,000) | ||
Foreign currency adjustment | (5,154,000) | (8,547,000) | ||
Ending Balance | $ 23,021,000 | 51,338,000 | 14,245,000 | |
Interest rate | 11.75% | |||
RMB Facility E [Member] | Overdraft Facility [Member] | Overdraft Restricted As To Use For ATM Funding Only [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | $ 51,338,000 | |||
Ending Balance | 23,021,000 | 51,338,000 | ||
RMB Facility E [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | 0 | ||
RMB Facility E [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | 0 | ||
Guarantees cancelled | 0 | |||
Utilized | 0 | 0 | ||
Foreign currency adjustment | 0 | 0 | ||
Ending Balance | 0 | 0 | 0 | |
RMB Indirect [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 7,167,000 | |||
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 | 0 | ||
Utilized | 0 | 0 | ||
Repaid | 0 | 0 | ||
Foreign currency adjustment | 0 | 0 | ||
Ending Balance | 0 | 0 | 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 | 0 | ||
RMB Indirect [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | 0 | ||
RMB Indirect [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 7,167,000 | |||
Beginning Balance | 313,000 | 0 | ||
Guarantees cancelled | 0 | |||
Utilized | 1,561,000 | 0 | ||
Foreign currency adjustment | (117,000) | 0 | ||
Ending Balance | 1,757,000 | 313,000 | 0 | |
RMB Connect [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 10,882,000 | |||
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 | 10,882,000 | |||
Beginning Balance | 14,880,000 | 0 | ||
Utilized | 18,462,000 | 5,929,000 | ||
Repaid | (22,505,000) | (6,189,000) | ||
Foreign currency adjustment | (1,812,000) | (1,763,000) | ||
Ending Balance | $ 9,025,000 | 14,880,000 | 0 | |
Interest rate | 11.65% | |||
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 | 0 | ||
RMB Connect [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 14,880,000 | |||
Ending Balance | 9,025,000 | 14,880,000 | ||
RMB Connect [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 0 | |||
Beginning Balance | 0 | 0 | ||
Guarantees cancelled | 0 | |||
Utilized | 0 | 0 | ||
Foreign currency adjustment | 0 | 0 | ||
Ending Balance | 0 | 0 | 0 | |
Nedbank Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 8,311,000 | |||
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 | 0 | ||
Utilized | 0 | 1,345,000 | ||
Repaid | 0 | (1,322,000) | ||
Foreign currency adjustment | 0 | (23,000) | ||
Ending Balance | $ 0 | 0 | 0 | |
Interest rate | 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 | 0 | ||
Nedbank Facilities [Member] | Overdraft Facility [Member] | No Restrictions As To Use [Member] | ||||
Short-term Debt [Line Items] | ||||
Beginning Balance | 0 | |||
Ending Balance | 0 | 0 | ||
Nedbank Facilities [Member] | Indirect And Derivative Facilities [Member] | ||||
Short-term Debt [Line Items] | ||||
Short-term facility available | 8,311,000 | |||
Beginning Balance | 5,654,000 | 5,398,000 | ||
Guarantees cancelled | (5,017,000) | |||
Utilized | 0 | 4,009,000 | ||
Foreign currency adjustment | (525,000) | 1,540,000 | ||
Ending Balance | $ 112,000 | $ 5,654,000 | $ 5,398,000 | |
South Africa [Member] | Overdraft Facility [Member] | Nedbank Short-Term Credit Facility [Member] | Prime Rate [Member] | ||||
Short-term Debt [Line Items] | ||||
Margin | 0.10% | 0.10% |
Borrowings (Summary Of Long-Ter
Borrowings (Summary Of Long-Term Borrowings) (Details) $ in Thousands, R in Millions | 12 Months Ended | ||||
Jun. 30, 2023 USD ($) | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2023 ZAR (R) | |
Debt Instrument [Line Items] | |||||
Included in current | $ 3,663 | $ 6,804 | $ 0 | ||
Long-term borrowings | 129,455 | 134,842 | |||
Beginning Balance | 141,646 | ||||
Utilized | 24,355 | 78,851 | 0 | ||
Facilities acquired in transaction | 86,960 | ||||
Repaid | (17,512) | (5,581) | 0 | ||
Non-refundable fees paid | (600) | (1,307) | |||
Non-refundable Fees amortized | 863 | 251 | |||
Foreign currency adjustment | (20,198) | (17,528) | |||
Ending Balance | 133,118 | 141,646 | |||
Unamortized fees | (886) | ||||
Due within 2 years | 3,005 | ||||
Due within 3 years | 65,896 | ||||
Due within 4 years | 7,398 | ||||
Due within 5 years | 54,042 | ||||
G & H Facilities [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | 0 | 0 | 0 | ||
Long-term borrowings | 48,965 | 63,354 | |||
Beginning Balance | 63,354 | ||||
Utilized | 0 | 77,069 | |||
Facilities acquired in transaction | 0 | ||||
Repaid | (10,543) | (4,492) | |||
Non-refundable fees paid | (500) | (1,307) | |||
Non-refundable Fees amortized | 762 | 196 | |||
Foreign currency adjustment | (8,672) | (8,112) | |||
Ending Balance | 48,965 | 63,354 | |||
Unamortized fees | (598) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 49,563 | ||||
Due within 4 years | 0 | ||||
Due within 5 years | $ 0 | ||||
Interest rates | 14% | 14% | |||
Base rate | 8.50% | 8.50% | |||
G & H Facilities [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 5.50% | 5.50% | |||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 1 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 5.50% | 5.50% | |||
Line Of Credit | R | R 800 | ||||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 2 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 4.25% | 4.25% | |||
G & H Facilities [Member] | JIBAR [Member] | Facility Agreement Scenario 3 [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 2.50% | 2.50% | |||
Line Of Credit | R | 350 | ||||
G & H Facilities [Member] | Maximum [Member] | JIBAR [Member] | Facility Agreement Scenario 2 [Member] | |||||
Debt Instrument [Line Items] | |||||
Line Of Credit | R | 800 | ||||
G & H Facilities [Member] | Minimum [Member] | JIBAR [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 | 4,604 | 0 | ||
Long-term borrowings | 64,436 | 59,868 | |||
Beginning Balance | 64,472 | ||||
Utilized | 10,947 | 0 | |||
Facilities acquired in transaction | 72,318 | ||||
Repaid | (2,151) | 0 | |||
Non-refundable fees paid | 0 | 0 | |||
Non-refundable Fees amortized | 57 | 18 | |||
Foreign currency adjustment | (8,889) | (7,864) | |||
Ending Balance | 64,436 | 64,472 | |||
Unamortized fees | (223) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 3,317 | ||||
Due within 4 years | 7,300 | ||||
Due within 5 years | $ 54,042 | ||||
Interest rates | 12.25% | 12.25% | |||
Base rate | 8.50% | 8.50% | |||
A & B Facilities [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 3.75% | 3.75% | |||
Debt instrument variable interest rate | 3.75% | 3.75% | |||
K2020 Facilities [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 0 | 0 | 0 | ||
Long-term borrowings | 11,802 | 8,346 | |||
Beginning Balance | 8,346 | ||||
Utilized | 7,377 | 472 | |||
Facilities acquired in transaction | 9,772 | ||||
Repaid | (2,149) | (933) | |||
Non-refundable fees paid | (100) | 0 | |||
Non-refundable Fees amortized | 44 | 37 | |||
Foreign currency adjustment | (1,716) | (1,002) | |||
Ending Balance | 11,802 | 8,346 | |||
Unamortized fees | (65) | ||||
Due within 2 years | 0 | ||||
Due within 3 years | 11,867 | ||||
Due within 4 years | 0 | ||||
Due within 5 years | $ 0 | ||||
Interest rates | 12.70% | 12.70% | |||
Base rate | 11.75% | 11.75% | |||
K2020 Facilities [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 0.95% | 0.95% | |||
K2020 Facilities [Member] | Prime Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 0.95% | 0.95% | |||
Asset Backed Facility [Member] | |||||
Debt Instrument [Line Items] | |||||
Included in current | $ 3,663 | 2,200 | $ 0 | ||
Long-term borrowings | 4,252 | 3,274 | |||
Beginning Balance | 5,474 | ||||
Utilized | 6,031 | 1,310 | |||
Facilities acquired in transaction | 4,870 | ||||
Repaid | (2,669) | (156) | |||
Non-refundable fees paid | 0 | 0 | |||
Non-refundable Fees amortized | 0 | 0 | |||
Foreign currency adjustment | (921) | (550) | |||
Ending Balance | 7,915 | $ 5,474 | |||
Unamortized fees | 0 | ||||
Due within 2 years | 3,005 | ||||
Due within 3 years | 1,149 | ||||
Due within 4 years | 98 | ||||
Due within 5 years | $ 0 | ||||
Interest rates | 12.50% | 12.50% | |||
Base rate | 11.75% | 11.75% | |||
Asset Backed Facility [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 0.75% | 0.75% | |||
Asset Backed Facility [Member] | Prime Rate [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 0.75% | 0.75% | |||
Facility G [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 3% | 3% | |||
Facility G [Member] | JIBAR [Member] | Scenario x [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 2.50% | 2.50% | |||
Facility G [Member] | JIBAR [Member] | Scenario y [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 3% | 3% | |||
Facility G [Member] | JIBAR [Member] | Scenario z [Member] | |||||
Debt Instrument [Line Items] | |||||
Debt instrument variable interest rate | 3.50% | 3.50% | |||
Facility G [Member] | JIBAR [Member] | In Event Of Default [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 2% | 2% | |||
Facility G [Member] | Maximum [Member] | JIBAR [Member] | Scenario x [Member] | |||||
Debt Instrument [Line Items] | |||||
Ending Balance | R | R 250 | ||||
Facility G [Member] | Maximum [Member] | JIBAR [Member] | Scenario y [Member] | |||||
Debt Instrument [Line Items] | |||||
Ending Balance | R | 450 | ||||
Facility G [Member] | Minimum [Member] | JIBAR [Member] | Scenario y [Member] | |||||
Debt Instrument [Line Items] | |||||
Ending Balance | R | 250 | ||||
Facility G [Member] | Minimum [Member] | JIBAR [Member] | Scenario z [Member] | |||||
Debt Instrument [Line Items] | |||||
Ending Balance | R | R 450 | ||||
Facility H [Member] | JIBAR [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 2% | 2% | |||
Facility H [Member] | JIBAR [Member] | In Event Of Default [Member] | |||||
Debt Instrument [Line Items] | |||||
Interest rates | 2% | 2% |
Other Payables (Schedule Of Oth
Other Payables (Schedule Of Other Payables) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Other Payables [Abstract] | ||
Accruals | $ 7,078 | $ 9,948 |
Provisions | 7,429 | 7,365 |
Payroll-related payables | 1,038 | 1,306 |
Participating merchants settlement obligation | 39 | 114 |
Value-added tax payable | 1,247 | 845 |
Vendor consideration due to sellers of Connect (Note 3) | 0 | 1,459 |
Other | 19,466 | 13,325 |
Other payables, total | $ 36,297 | $ 34,362 |
Common Stock (Narrative) (Detai
Common Stock (Narrative) (Details) $ / shares in Units, $ in Millions | 1 Months Ended | 12 Months Ended | ||||||||
Aug. 19, 2022 shares | Apr. 14, 2022 Item shares | May 19, 2020 shares | Apr. 11, 2016 USD ($) $ / shares shares | Apr. 30, 2023 shares | Apr. 30, 2022 Item shares | Jun. 30, 2023 USD ($) $ / shares shares | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2021 shares | Feb. 05, 2020 USD ($) | |
Class Of Stock [Line Items] | ||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 0.001 | ||||||||
Number of shares, net of treasury excluding non-vested equity shares that have not vested | 61,025,827 | 59,939,054 | 56,332,060 | |||||||
Employees [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Shares issued during period | 23,934 | |||||||||
Connect [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Business acquisition number of issuable number of shares | 3,185,079 | 3,185,079 | ||||||||
Number of shares, net of treasury excluding non-vested equity shares that have not vested | 3,185,079 | 3,185,079 | ||||||||
Number of tranches | Item | 3 | 3 | ||||||||
Connect [Member] | Share Based Compensation Award Tranche One [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Business acquisition number of issuable number of shares | 1,061,693 | |||||||||
Common Stock [Member] | Connect [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Shares repurchased | 352,994 | |||||||||
Executed Under Share Repurchase Authorizations [Member] | Common Stock [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Shares repurchased | 0 | 0 | 0 | |||||||
Executed Under Share Repurchase Authorizations [Member] | Maximum [Member] | Common Stock [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Stock repurchase program authorized amount | $ | $ 100 | |||||||||
IFC Investors [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Number of shares sold | 514,376 | |||||||||
Reclassified to additional paid in capital from redeemable common stock | $ | $ 5.6 | |||||||||
IFC Investors [Member] | Minimum [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Percentage of common stock ownership for right to nominate one director | 5% | |||||||||
Percentage of common stock ownership for right to appoint observer | 2.50% | |||||||||
IFC Investors [Member] | Preemptive Rights [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Percentage of ownership for right to purchase pro-rata share | 5% | |||||||||
IFC Investors [Member] | Subscription Agreement [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Number of shares sold | 9,980,000 | |||||||||
Common stock, par value | $ / shares | $ 0.001 | |||||||||
Common stock repurchase per share | $ / shares | $ 10.79 | |||||||||
Cash consideration received on transaction | $ | $ 107.7 | |||||||||
IFC Investors [Member] | Subscription Agreement [Member] | Redeemable Common Stock [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Number of shares sold | 9,980,000 | |||||||||
IFC Investors [Member] | Put Option [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Percentage of ownership to adopt shareholder rights plan | 20% | |||||||||
Number of trading days preceding triggering event | 60 days | |||||||||
Africa Capitalization Fund, Ltd [Member] | Put Option [Member] | ||||||||||
Class Of Stock [Line Items] | ||||||||||
Number of shares sold | 2,103,169 | |||||||||
Cash consideration received on transaction | $ | $ 22.7 |
Common Stock (Schedule Of Numbe
Common Stock (Schedule Of Number Of Shares, Net Of Treasury) (Details) - shares | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 |
Common Stock [Abstract] | |||
Statement of changes in equity - common stock | 63,640,246 | 62,324,321 | 56,716,620 |
Less: Non-vested equity shares that have not vested as of end of year (Note 17) | 2,614,419 | 2,385,267 | 384,560 |
Number of shares, net of treasury excluding non-vested equity shares that have not vested | 61,025,827 | 59,939,054 | 56,332,060 |
Accumulated Other Comprehensi_3
Accumulated Other Comprehensive (Loss) Income (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Bank Frick [Member] | |||
Reclassification from accumulated other comprehensive (loss) income | $ 2.5 | ||
Liquidation of Subsidiaries [Member] | |||
Reclassification from accumulated other comprehensive (loss) income | $ 0.6 | ||
Finbond Group Limited [Member] | |||
Reclassification from accumulated other comprehensive (loss) income | $ 0.4 | $ 0.6 |
Accumulated Other Comprehensi_4
Accumulated Other Comprehensive (Loss) Income (Change In Accumulated Other Comprehensive (Loss) Income Per Component) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | $ (168,840) | $ (145,721) | $ (169,075) |
Movement in foreign currency translation reserve related to equity accounted investment | 3,935 | 1,239 | (1,967) |
Movement in foreign currency translation reserve | (31,183) | (25,413) | 27,178 |
Ending Balance | (195,726) | (168,840) | (145,721) |
Bank Frick [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | 0 | 0 | (2,462) |
Liquidation of Subsidiaries [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | 0 | 468 | 605 |
Finbond Group Limited [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | 362 | 587 | |
Accumulated Foreign Currency Translation Reserve [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Beginning Balance | (168,840) | (145,721) | (169,075) |
Movement in foreign currency translation reserve related to equity accounted investment | 3,935 | 1,239 | (1,967) |
Movement in foreign currency translation reserve | (31,183) | (25,413) | 27,178 |
Ending Balance | (195,726) | (168,840) | (145,721) |
Accumulated Foreign Currency Translation Reserve [Member] | Bank Frick [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | (2,462) | ||
Accumulated Foreign Currency Translation Reserve [Member] | Liquidation of Subsidiaries [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | 468 | $ 605 | |
Accumulated Foreign Currency Translation Reserve [Member] | Finbond Group Limited [Member] | |||
Accumulated Other Comprehensive Income (Loss) [Line Items] | |||
Release of foreign currency translation reserve related to disposal/liquidation | $ 362 | $ 587 |
Revenue (Revenue Disaggregated
Revenue (Revenue Disaggregated By Major Revenue Streams) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Disaggregation of Revenue [Line Items] | |||
Revenue | $ 527,971 | $ 222,609 | $ 130,786 |
Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 62,801 | 65,932 | 66,149 |
Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 463,701 | 156,677 | 62,944 |
Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,469 | 1,693 | |
Processing Fees [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 138,909 | 84,734 | 63,320 |
Processing Fees [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 26,159 | 28,982 | 32,042 |
Processing Fees [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 111,281 | 55,752 | 29,585 |
Processing Fees [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,469 | 1,693 | |
Telecom Products And Services [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 322,801 | 69,603 | 13,422 |
Telecom Products And Services [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 45 | 0 | 0 |
Telecom Products And Services [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 322,756 | 69,603 | 13,422 |
Telecom Products And Services [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
Account Holder Fees [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,610 | 5,838 | 5,342 |
Account Holder Fees [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,610 | 5,838 | 5,342 |
Account Holder Fees [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | 0 |
Account Holder Fees [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
Lending Revenue [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 19,504 | 21,573 | 20,672 |
Lending Revenue [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 19,504 | 21,573 | 20,672 |
Lending Revenue [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | 0 |
Lending Revenue [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
Technology Products [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 20,270 | 26,168 | 19,014 |
Technology Products [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,253 | 277 | 331 |
Technology Products [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 19,017 | 25,891 | 18,683 |
Technology Products [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
Interest From Customers [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,778 | 1,121 | |
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 | 5,778 | 1,121 | |
Interest From Customers [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
Insurance Revenue [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 9,677 | 8,530 | 6,605 |
Insurance Revenue [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 9,677 | 8,530 | 6,605 |
Insurance Revenue [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | 0 |
Insurance Revenue [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
Other [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,422 | 5,042 | 2,411 |
Other [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 553 | 732 | 1,157 |
Other [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 4,869 | 4,310 | 1,254 |
Other [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | |
South Africa [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 505,558 | 215,162 | 127,468 |
South Africa [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 62,801 | 65,932 | 66,149 |
South Africa [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 441,288 | 149,114 | 61,319 |
South Africa [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,469 | 0 | |
South Africa [Member] | Processing Fees [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 133,585 | 77,287 | 60,002 |
South Africa [Member] | Processing Fees [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 26,159 | 28,982 | 32,042 |
South Africa [Member] | Processing Fees [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 105,957 | 48,305 | 27,960 |
South Africa [Member] | Processing Fees [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,469 | 0 | |
South Africa [Member] | Telecom Products And Services [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 306,138 | ||
South Africa [Member] | Telecom Products And Services [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 45 | ||
South Africa [Member] | Telecom Products And Services [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 306,093 | ||
South Africa [Member] | Telecom Products And Services [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
South Africa [Member] | Technology Products [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 20,033 | 26,103 | |
South Africa [Member] | Technology Products [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 1,253 | 277 | |
South Africa [Member] | Technology Products [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 18,780 | 25,826 | |
South Africa [Member] | Technology Products [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
South Africa [Member] | Other [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,233 | 4,991 | |
South Africa [Member] | Other [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 553 | 732 | |
South Africa [Member] | Other [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 4,680 | 4,259 | |
South Africa [Member] | Other [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
Rest Of World [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 22,413 | 7,447 | 3,318 |
Rest Of World [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | 0 |
Rest Of World [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 22,413 | 7,563 | 1,625 |
Rest Of World [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 1,693 | |
Rest Of World [Member] | Processing Fees [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,324 | 7,447 | 3,318 |
Rest Of World [Member] | Processing Fees [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | 0 | 0 |
Rest Of World [Member] | Processing Fees [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 5,324 | 7,447 | 1,625 |
Rest Of World [Member] | Processing Fees [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | $ 1,693 | |
Rest Of World [Member] | Telecom Products And Services [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 16,663 | ||
Rest Of World [Member] | Telecom Products And Services [Member] | Consumer Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
Rest Of World [Member] | Telecom Products And Services [Member] | Merchant Segment [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 16,663 | ||
Rest Of World [Member] | Telecom Products And Services [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
Rest Of World [Member] | Technology Products [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 237 | 65 | |
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 | 237 | 65 | |
Rest Of World [Member] | Technology Products [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 0 | ||
Rest Of World [Member] | Other [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | 189 | 51 | |
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 | 189 | $ 51 | |
Rest Of World [Member] | Other [Member] | Unallocated [Member] | |||
Disaggregation of Revenue [Line Items] | |||
Revenue | $ 0 |
Stock-Based Compensation (Narra
Stock-Based Compensation (Narrative) (Details) - USD ($) | 1 Months Ended | 3 Months Ended | 8 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Apr. 14, 2022 | Mar. 01, 2022 | Aug. 05, 2020 | Sep. 07, 2018 | Aug. 23, 2017 | Jun. 30, 2023 | May 31, 2023 | Jan. 31, 2023 | Dec. 31, 2022 | Nov. 30, 2022 | Aug. 31, 2022 | Jul. 31, 2022 | May 31, 2022 | Apr. 30, 2022 | Feb. 28, 2022 | Dec. 31, 2021 | Aug. 31, 2021 | Jul. 31, 2021 | May 31, 2021 | Feb. 29, 2020 | Sep. 30, 2018 | Aug. 31, 2017 | Dec. 31, 2021 | Sep. 30, 2020 | Jun. 30, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of stock options awarded | 0 | 137,620 | 560,000 | ||||||||||||||||||||||||||
Stock options granted exercise price | $ 4.37 | $ 4.37 | $ 4.37 | $ 4.14 | $ 3.93 | $ 5.83 | |||||||||||||||||||||||
Forfeitures, Number of shares | 94,292 | 256,706 | 729,484 | ||||||||||||||||||||||||||
Options exercise price range, lower limit | $ 3.01 | ||||||||||||||||||||||||||||
Options exercise price range, upper limit | $ 11.23 | ||||||||||||||||||||||||||||
Stock-based compensation charge, net | $ 7,309,000 | $ 2,962,000 | $ 344,000 | ||||||||||||||||||||||||||
Deferred tax asset related to stock-based compensation | $ 600,000 | $ 600,000 | 600,000 | 300,000 | |||||||||||||||||||||||||
Share-based compensation deferred tax asset valuation allowance | $ 600,000 | $ 600,000 | $ 600,000 | 300,000 | |||||||||||||||||||||||||
Exercisable, Number of Shares | 502,813 | 502,813 | 502,813 | ||||||||||||||||||||||||||
Proceeds from exercise of stock options | $ 481,000 | $ 759,000 | $ 53,000 | ||||||||||||||||||||||||||
Share-based compensation, number of shares exercised | 158,659 | 249,521 | 17,335 | ||||||||||||||||||||||||||
Exercised of stock options | $ 481,000 | $ 760,000 | $ 53,000 | ||||||||||||||||||||||||||
Number of share awards expected to vest | 673,274 | 673,274 | 673,274 | ||||||||||||||||||||||||||
Connect [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 5.23 | ||||||||||||||||||||||||||||
Stock Incentive Plan 2022 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Increased number of shares available for issuance | 2,500,000 | ||||||||||||||||||||||||||||
Executive Officers [Member] | September 2018 [Member] | Market And Time-based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 23 | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 148,000 | ||||||||||||||||||||||||||||
Executive Officers [Member] | December 2022 [Member] | Time-based And Market Condition Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 4.94 | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 257,868 | ||||||||||||||||||||||||||||
Non-Employee Directors [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of stock options awarded | 150,000 | ||||||||||||||||||||||||||||
Stock options granted exercise price | $ 3.50 | ||||||||||||||||||||||||||||
Employees [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 23,934 | ||||||||||||||||||||||||||||
Exercisable, Number of Shares | 327,965 | 327,965 | 327,965 | 376,348 | 331,833 | ||||||||||||||||||||||||
Share-based compensation, number of shares exercised | 37,500 | ||||||||||||||||||||||||||||
Share based compensation number of stock award forfeited | 94,292 | 256,706 | 729,484 | ||||||||||||||||||||||||||
Exercised of stock options | $ 100,000 | ||||||||||||||||||||||||||||
Shares issued during period | 23,934 | ||||||||||||||||||||||||||||
Shares paid for tax withholding for share based compensation | 6,105 | ||||||||||||||||||||||||||||
Shares added to treasury from paid for tax withholding | 23,934 | 23,934 | 23,934 | ||||||||||||||||||||||||||
Employees [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 150,000 | ||||||||||||||||||||||||||||
Former Chief Executive Officer [Member] | Termination [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Forfeitures, Number of shares | 250,034 | ||||||||||||||||||||||||||||
Stock Incentive Plan [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Total number of shares of common stock issuable under plan | 13,552,580 | 13,552,580 | 13,552,580 | ||||||||||||||||||||||||||
Maximum number of shares for which awards may granted during calendar year to any participant | 600,000 | ||||||||||||||||||||||||||||
Stock Options [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation, expiration period | 10 years | ||||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Expected volatility calculation term | 750 days | ||||||||||||||||||||||||||||
Expected volatility | 50% | 62% | |||||||||||||||||||||||||||
Expected life (in years) | 3 years | 2 years 9 months 18 days | |||||||||||||||||||||||||||
Risk-free rate | 1.61% | 0.19% | |||||||||||||||||||||||||||
Unrecognized compensation cost | $ 100,000 | $ 100,000 | $ 100,000 | ||||||||||||||||||||||||||
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 | 1,085,981 | 2,168,110 | 254,560 | ||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 742,464 | 61,861 | 311,300 | ||||||||||||||||||||||||||
Forfeitures, Number of shares | 114,365 | 105,542 | 674,200 | ||||||||||||||||||||||||||
Stock-based compensation charge, net | $ 200,000 | $ 200,000 | |||||||||||||||||||||||||||
Unrecognized compensation cost | $ 6,900,000 | $ 6,900,000 | $ 6,900,000 | ||||||||||||||||||||||||||
Unrecognized compensation cost, expected recognition period, years | 3 years | ||||||||||||||||||||||||||||
Fair value of restricted stock vested | $ 3,200,000 | $ 400,000 | $ 1,000,000 | ||||||||||||||||||||||||||
Share based compensation number of stock award forfeited | 644,200 | ||||||||||||||||||||||||||||
Period of assumed purchased allocation | 30 days | ||||||||||||||||||||||||||||
Volume-weighted average price period | 30 days | ||||||||||||||||||||||||||||
Percent of top-up settled in shares of common stock | 55% | ||||||||||||||||||||||||||||
Percent of election of executive | 45% | ||||||||||||||||||||||||||||
Number of shares issued for service | 6,481 | ||||||||||||||||||||||||||||
Monthly fee dividend | $ 35,000 | ||||||||||||||||||||||||||||
Shares issued during period | 32,405 | 38,886 | |||||||||||||||||||||||||||
Shares added to treasury from paid for tax withholding | 250,974 | 250,974 | 250,974 | ||||||||||||||||||||||||||
Restricted Stock [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 133,508 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Subject To Time Based Vesting And Continued Service [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 742,464 | 133,508 | 244,500 | ||||||||||||||||||||||||||
Restricted Stock [Member] | September 2018 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Expected volatility calculation term | 30 days | ||||||||||||||||||||||||||||
Expected volatility | 37.40% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | August 2017 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Expected volatility | 44% | ||||||||||||||||||||||||||||
Expected life (in years) | 3 years | ||||||||||||||||||||||||||||
Future dividends | $ 0 | ||||||||||||||||||||||||||||
Period of trading days to the trigger events | 30 days | ||||||||||||||||||||||||||||
Restricted Stock [Member] | February 2020 [Member] | 50% Vest [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 8% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | February 2020 [Member] | 100% Vest [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 14% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | November And December 2021 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of stock options awarded | 326,158 | ||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 71,647 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Employee Terminations [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Forfeitures, Number of shares | 34,365 | 75,542 | 644,200 | ||||||||||||||||||||||||||
Restricted Stock [Member] | September 2020 - Accelerated Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 66,800 | 66,800 | |||||||||||||||||||||||||||
Restricted Stock [Member] | September 2018 Award With Market Conditions [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Forfeitures, Number of shares | 30,000 | 30,000 | |||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Forfeitures, Number of shares | 80,000 | 30,000 | |||||||||||||||||||||||||||
Share based compensation number of stock awarded | 300,000 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Market Conditions Were Not Achieved [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock award forfeited | 30,000 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Matching [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of stock options awarded | 326,158 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Top-Up [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of stock options awarded | 71,647 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 29,919 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Performance And Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 257,868 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | Subject To Time Based Vesting And Continued Service [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 207,859 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Percentage of increase target price | 55% | ||||||||||||||||||||||||||||
Closing price, per share | $ 6.20 | ||||||||||||||||||||||||||||
Share based compensation number of stock award forfeited | 30,000 | 88,000 | |||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | Below $15 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 15 | ||||||||||||||||||||||||||||
Vesting percentage | 0% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 33% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 66% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 23 | ||||||||||||||||||||||||||||
Vesting percentage | 100% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Strike price | $ 0 | ||||||||||||||||||||||||||||
Percentage of increase target price | 35% | ||||||||||||||||||||||||||||
Closing price, per share | $ 9.38 | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 210,000 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | Market Conditions Were Not Achieved [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 23 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | Below $15 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 15 | ||||||||||||||||||||||||||||
Vesting percentage | 0% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 33% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 66% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 23 | ||||||||||||||||||||||||||||
Vesting percentage | 100% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Performance Conditions Were Not Achieved [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of shares forfeited | 80,000 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Termination [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of shares forfeited | 374,400 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 113,600 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Performance And Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 454,400 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | 50% Vest [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 50% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | 100% Vest [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vesting percentage | 100% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | February 2020 [Member] | Return On Average Net Equity Of Less Than 8% [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Vested number of shares of restricted stock | 0 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | November And December 2021 [Member] | Market And Time-based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 158,734 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | November And December 2021 [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] | November And December 2021 [Member] | Fiscal 2022, Stock Price As of June 30, 2022 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.71 | ||||||||||||||||||||||||||||
Vesting percentage | 33% | ||||||||||||||||||||||||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.2 | ||||||||||||||||||||||||||||
Minimum target stock price related to appreciation levels | $ 5.65 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | November And December 2021 [Member] | Fiscal 2023, Stock Price As of June 30, 2023 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.71 | ||||||||||||||||||||||||||||
Vesting percentage | 67% | ||||||||||||||||||||||||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.44 | ||||||||||||||||||||||||||||
Minimum target stock price related to appreciation levels | $ 6.78 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | November And December 2021 [Member] | Fiscal 2024, Stock Price As of June 30, 2024 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.71 | ||||||||||||||||||||||||||||
Vesting percentage | 100% | ||||||||||||||||||||||||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.728 | ||||||||||||||||||||||||||||
Minimum target stock price related to appreciation levels | $ 8.14 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | November And December 2021 [Member] | Time-based And Market Condition Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.71 | ||||||||||||||||||||||||||||
Expected volatility | 61.60% | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 158,734 | ||||||||||||||||||||||||||||
Period of trading days to the trigger events | 30 days | ||||||||||||||||||||||||||||
Percentage of stock price appreciation as vesting condition | 20% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | July 2021 [Member] | Time-based And Market Condition Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Expected volatility | 61.60% | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 58,652 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | December 2022 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Percentage of increase target price | 10% | ||||||||||||||||||||||||||||
Closing price, per share | $ 4.08 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | December 2022 [Member] | Market And Time-based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.08 | ||||||||||||||||||||||||||||
Expected volatility | 50.10% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | December 2022 [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] | December 2022 [Member] | Fiscal 2024, Stock Price As of June 30, 2024 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.94 | ||||||||||||||||||||||||||||
Vesting percentage | 33% | ||||||||||||||||||||||||||||
Multiplier used to determine target stock price per share related to appreciation levels | 1.1 | ||||||||||||||||||||||||||||
Minimum target stock price related to appreciation levels | $ 5.43 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | December 2022 [Member] | Fiscal 2025, Stock Price As of June 30, 2025 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Closing price, per share | $ 4.94 | ||||||||||||||||||||||||||||
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 | $ 5.97 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers [Member] | December 2022 [Member] | Fiscal 2026, Stock Price As of June 30, 2026 [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 | 1.331 | ||||||||||||||||||||||||||||
Minimum target stock price related to appreciation levels | $ 6.57 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executive Officers And Employees [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 23,828 | 11,806 | 430,399 | 32,582 | |||||||||||||||||||||||||
Restricted Stock [Member] | Employees [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 150,000 | 1,250,486 | 434,279 | 164,687 | |||||||||||||||||||||||||
Equalization mechanism, return per share | $ 7.50 | ||||||||||||||||||||||||||||
Maximum conversion rate of shares, percent | 50% | ||||||||||||||||||||||||||||
Maximum of shares from conversion | 625,243 | ||||||||||||||||||||||||||||
Shares paid for tax withholding for share based compensation | 190,394 | 72,081 | |||||||||||||||||||||||||||
Shares vested | 412,487 | ||||||||||||||||||||||||||||
Shares added to treasury from paid for tax withholding | 72,081 | 72,081 | 72,081 | ||||||||||||||||||||||||||
Restricted Stock [Member] | Employees [Member] | Connect [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 1,250,486 | ||||||||||||||||||||||||||||
Equalization mechanism, return per share | $ 7.50 | ||||||||||||||||||||||||||||
Maximum conversion rate of shares, percent | 50% | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Employees [Member] | Time-Based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 179,498 | 23,793 | 29,920 | 50,300 | 44,986 | ||||||||||||||||||||||||
Stock compensation, employee match ratio | 1 | ||||||||||||||||||||||||||||
Employee match maximum amount | $ 1,000,000 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Employees [Member] | November And December 2021 [Member] | Market And Time-based Vesting [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 95,826 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Employees [Member] | Employee Terminations [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Forfeitures, Number of shares | 34,365 | 75,542 | |||||||||||||||||||||||||||
Restricted Stock [Member] | Former Chief Executive Officer [Member] | Termination [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock award forfeited | 475,200 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Former Chief Executive Officer [Member] | August 2017 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Number of shares forfeited | 150,000 | ||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
Shares added to treasury from paid for tax withholding | 35,460 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Chief Executive Officer [Member] | Subject To Time Based Vesting And Continued Service [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Performance target, per share | $ 8.14 | ||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 117,304 | ||||||||||||||||||||||||||||
Number of share awards expected to vest | 58,652 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Chief Executive Officer [Member] | November And December 2021 [Member] | Market And Time-based Vesting [Member] | South Africa [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 77,040 | ||||||||||||||||||||||||||||
Restricted Stock [Member] | Executives [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 55,599 | ||||||||||||||||||||||||||||
Shares paid for tax withholding for share based compensation | 25,020 | ||||||||||||||||||||||||||||
Shares added to treasury from paid for tax withholding | 20,020 | ||||||||||||||||||||||||||||
Stock Appreciation Rights S A R S [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation number of stock awarded | 0 | ||||||||||||||||||||||||||||
Restricted Stock Units RSU [Member] | Employees [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Shares vested | 206,239 | ||||||||||||||||||||||||||||
Minimum [Member] | Employees [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Strike price | $ 3.01 | ||||||||||||||||||||||||||||
Minimum [Member] | Former Chief Executive Officer [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Strike price | $ 6.20 | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Share based compensation, vesting period | 3 years | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | August 2017 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Risk-free rate | 1.275% | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 15 | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 19 | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 19 | ||||||||||||||||||||||||||||
Minimum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 15 | ||||||||||||||||||||||||||||
Maximum [Member] | Employees [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Strike price | 11.23 | ||||||||||||||||||||||||||||
Maximum [Member] | Former Chief Executive Officer [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Strike price | $ 11.23 | ||||||||||||||||||||||||||||
Maximum [Member] | Restricted Stock [Member] | August 2017 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Risk-free rate | 1.657% | ||||||||||||||||||||||||||||
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 19 | ||||||||||||||||||||||||||||
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | September 2018 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 23 | ||||||||||||||||||||||||||||
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $15 and below $19 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | 23 | ||||||||||||||||||||||||||||
Maximum [Member] | Restricted Stock [Member] | Executive Officers [Member] | August 2017 [Member] | At or above $19 and below $23 [Member] | |||||||||||||||||||||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||||||||||||||||||||||||||||
Performance target, per share | $ 19 |
Stock-Based Compensation (Range
Stock-Based Compensation (Range Of Assumptions Used To Value Options Granted) (Details) - Stock Options [Member] | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||
Expected volatility | 50% | 62% |
Expected dividends | 0% | 0% |
Expected life (in years) | 3 years | 2 years 9 months 18 days |
Risk-free rate | 1.61% | 0.19% |
Stock-Based Compensation (Summa
Stock-Based Compensation (Summarized Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Outstanding, Number of shares, Beginning Balance | 926,225 | 1,294,832 | 1,331,651 | |
Granted, Number of shares | 0 | 137,620 | 560,000 | |
Exercised | (158,659) | (249,521) | (17,335) | |
Forfeitures, Number of shares | (94,292) | (256,706) | (729,484) | |
Outstanding, Number of shares, Ending Balance | 673,274 | 926,225 | 1,294,832 | 1,331,651 |
Exercisable, Number of Shares | 502,813 | |||
Vested and expected to vest, Number of shares | 673,274 | |||
Outstanding, Weighted average exercise price, Beginning Balance | $ 4.14 | $ 3.93 | $ 5.83 | |
Granted, Weighted average exercise price | 4.87 | |||
Exercised, Weighted average exercise price | 3.04 | 3.05 | 3.07 | |
Forfeitures, Weighted average exercise price | 3.99 | 4.53 | 6.65 | |
Outstanding, Weighted average exercise price, Ending Balance | 4.37 | $ 4.14 | $ 3.93 | $ 5.83 |
Exercisable, Weighted average exercise price | 4.57 | |||
Vested and expected to vest, Weighted average exercise price | $ 4.37 | |||
Outstanding, Weighted average remaining contractual term (in years) | 5 years 1 month 20 days | 6 years 7 months 6 days | 7 years 8 months 4 days | 7 years 6 months 21 days |
Granted, Weighted average remaining contractual term (in years) | 10 years | |||
Exercisable, Weighted average remaining contractual term (in years) | 4 years 3 months | |||
Vested and expected to vest, Weighted average remaining contractual term (in years) | 5 years 1 month 20 days | |||
Outstanding, Aggregate intrinsic value, Beginning Balance | $ 1,249 | $ 1,624 | ||
Granted, Aggregate intrinsic value | 235 | |||
Vested and expecting to vest, Aggregate intrinsic value | 239 | |||
Exercised, Aggregate intrinsic value | 200 | 470 | $ 35 | |
Exercisable, Aggregate intrinsic value | 160 | |||
Outstanding, Aggregate intrinsic value, Ending Balance | $ 239 | $ 1,249 | $ 1,624 | |
Outstanding, Weighted average grant date fair value, Beginning Balance | $ 1.60 | $ 1.45 | $ 2.01 | |
Granted, Weighted average grant date fair value | 1.71 | |||
Forfeitures, Weighted average grant date fair value | 1.81 | 1.69 | 2.24 | |
Outstanding, Weighted average grant date fair value, Ending Balance | $ 1.67 | $ 1.60 | $ 1.45 | $ 2.01 |
August 2020 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Granted, Number of shares | 150,000 | |||
Granted, Weighted average exercise price | $ 3.50 | |||
Granted, Weighted average remaining contractual term (in years) | 3 years | |||
Granted, Aggregate intrinsic value | $ 166 | |||
Granted, Weighted average grant date fair value | $ 1.11 | |||
November 2020 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
Granted, Number of shares | 560,000 | |||
Granted, Weighted average exercise price | $ 3.01 | |||
Granted, Weighted average remaining contractual term (in years) | 10 years | |||
Granted, Aggregate intrinsic value | $ 691 | |||
Granted, Weighted average grant date fair value | $ 1.23 |
Stock-Based Compensation (Restr
Stock-Based Compensation (Restricted Stock Activity) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Non-vested, Number of Shares of Restricted Stock, Beginning Balance | 2,385,267 | 384,560 | |
Granted, Number of Shares of Restricted Stock | 0 | 137,620 | 560,000 |
Forfeitures, Number of Shares of Restricted Stock | (94,292) | (256,706) | (729,484) |
Non-vested, Number of Shares of Restricted Stock, Ending Balance | 2,614,419 | 2,385,267 | 384,560 |
August 2020 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 150,000 | ||
Restricted Stock [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Non-vested, Number of Shares of Restricted Stock, Beginning Balance | 2,385,267 | 384,560 | 1,115,500 |
Granted, Number of Shares of Restricted Stock | 1,085,981 | 2,168,110 | 254,560 |
Vested, Number of Shares of Restricted Stock | (742,464) | (61,861) | (311,300) |
Forfeitures, Number of Shares of Restricted Stock | (114,365) | (105,542) | (674,200) |
Non-vested, Number of Shares of Restricted Stock, Ending Balance | 2,614,419 | 2,385,267 | 384,560 |
Non-vested, Weighted Average Grant Date Fair Value, Beginning Balance | $ 11,879 | $ 1,123 | $ 5,354 |
Granted, Weighted Average Grant Date Fair Value | 4,411 | 11,097 | 1,035 |
Vested, Weighted Average Grant Date Fair Value | 3,171 | 306 | 1,037 |
Forfeitures, Weighted Average Grant Date Fair Value | 554 | 542 | 2,690 |
Non-vested, Weighted Average Grant Date Fair Value, Ending Balance | $ 11,869 | $ 11,879 | $ 1,123 |
Restricted Stock [Member] | August 2020 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (244,500) | ||
Vested, Weighted Average Grant Date Fair Value | $ 812 | ||
Restricted Stock [Member] | September 2020 - Accelerated Vesting [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (66,800) | (66,800) | |
Vested, Weighted Average Grant Date Fair Value | $ 225 | ||
Restricted Stock [Member] | Employee Terminations [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Forfeitures, Number of Shares of Restricted Stock | (34,365) | (75,542) | (644,200) |
Forfeitures, Weighted Average Grant Date Fair Value | $ 138 | $ 382 | $ 2,542 |
Restricted Stock [Member] | July 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 234,608 | ||
Granted, Weighted Average Grant Date Fair Value | $ 963 | 963 | |
Restricted Stock [Member] | August 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 44,986 | ||
Granted, Weighted Average Grant Date Fair Value | $ 192 | 192 | |
Restricted Stock [Member] | November And December 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 326,158 | ||
Vested, Number of Shares of Restricted Stock | (71,647) | ||
Granted, Weighted Average Grant Date Fair Value | $ 1,766 | 1,766 | |
Restricted Stock [Member] | December 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 50,300 | ||
Granted, Weighted Average Grant Date Fair Value | $ 269 | 269 | |
Restricted Stock [Member] | February 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 29,920 | ||
Granted, Weighted Average Grant Date Fair Value | $ 146 | 146 | |
Restricted Stock [Member] | March 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 207,859 | ||
Granted, Weighted Average Grant Date Fair Value | $ 1,097 | 1,097 | |
Restricted Stock [Member] | April 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 1,250,486 | ||
Granted, Weighted Average Grant Date Fair Value | $ 6,540 | 6,540 | |
Restricted Stock [Member] | May 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 23,793 | ||
Granted, Weighted Average Grant Date Fair Value | $ 124 | $ 124 | |
Restricted Stock [Member] | November And December 2021 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 71,647 | ||
Vested, Number of Shares of Restricted Stock | (71,647) | ||
Granted, Weighted Average Grant Date Fair Value | $ 393 | ||
Vested, Weighted Average Grant Date Fair Value | $ 393 | ||
Restricted Stock [Member] | September 2018 Award With Market Conditions [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Forfeitures, Number of Shares of Restricted Stock | (30,000) | (30,000) | |
Forfeitures, Weighted Average Grant Date Fair Value | $ 160 | $ 148 | |
Restricted Stock [Member] | July 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 32,582 | ||
Vested, Number of Shares of Restricted Stock | (78,801) | ||
Granted, Weighted Average Grant Date Fair Value | $ 172 | ||
Vested, Weighted Average Grant Date Fair Value | $ 410 | ||
Restricted Stock [Member] | August 2022 [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 | ||
Restricted Stock [Member] | November 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 150,000 | ||
Vested, Number of Shares of Restricted Stock | (59,833) | ||
Granted, Weighted Average Grant Date Fair Value | $ 605 | ||
Vested, Weighted Average Grant Date Fair Value | $ 250 | ||
Restricted Stock [Member] | December 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 430,399 | ||
Vested, Number of Shares of Restricted Stock | (7,060) | ||
Granted, Weighted Average Grant Date Fair Value | $ 1,862 | ||
Vested, Weighted Average Grant Date Fair Value | $ 29 | ||
Restricted Stock [Member] | January 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 11,806 | ||
Granted, Weighted Average Grant Date Fair Value | $ 57 | ||
Restricted Stock [Member] | February 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (19,179) | ||
Vested, Weighted Average Grant Date Fair Value | $ 83 | ||
Restricted Stock [Member] | March 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (69,286) | ||
Vested, Weighted Average Grant Date Fair Value | $ 326 | ||
Restricted Stock [Member] | December 2022 - Performance Awards [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 257,868 | ||
Granted, Weighted Average Grant Date Fair Value | $ 596 | ||
Restricted Stock [Member] | April 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (418,502) | ||
Vested, Weighted Average Grant Date Fair Value | $ 1,721 | ||
Restricted Stock [Member] | May 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Vested, Number of Shares of Restricted Stock | (61,861) | ||
Vested, Weighted Average Grant Date Fair Value | $ 217 | ||
Restricted Stock [Member] | February 2020 Award With Market Condition [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Forfeitures, Number of Shares of Restricted Stock | (80,000) | ||
Forfeitures, Weighted Average Grant Date Fair Value | $ 416 | ||
Restricted Stock [Member] | June 2023 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 23,828 | ||
Vested, Number of Shares of Restricted Stock | (27,942) | ||
Granted, Weighted Average Grant Date Fair Value | $ 124 | ||
Vested, Weighted Average Grant Date Fair Value | $ 135 | ||
Restricted Stock [Member] | December 2022 [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Granted, Number of Shares of Restricted Stock | 300,000 | ||
Vested, Number of Shares of Restricted Stock | (300,000) | ||
Granted, Weighted Average Grant Date Fair Value | $ 1,365 | ||
Vested, Weighted Average Grant Date Fair Value | $ 1,365 |
Stock-Based Compensation (Recor
Stock-Based Compensation (Recorded Net Stock Compensation Charge) (Details) - USD ($) | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
Stock-based compensation charge | $ 7,673,000 | $ 3,082,000 | $ 1,430,000 |
Reversal of stock compensation charge related to stock options and restricted stock forfeited | (364,000) | (120,000) | (1,086,000) |
Total | 7,309,000 | 2,962,000 | 344,000 |
Allocated To IT Processing, Servicing And Support [Member] | |||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
Stock-based compensation charge | 0 | 0 | 0 |
Reversal of stock compensation charge related to stock options and restricted stock forfeited | 0 | 0 | 0 |
Total | 0 | 0 | 0 |
Allocated To Selling, General And Administration [Member] | |||
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||
Stock-based compensation charge | 7,673,000 | 3,082,000 | 1,430,000 |
Reversal of stock compensation charge related to stock options and restricted stock forfeited | (364,000) | (120,000) | (1,086,000) |
Total | $ 7,309,000 | $ 2,962,000 | $ 344,000 |
Income Taxes (Narrative) (Detai
Income Taxes (Narrative) (Details) - USD ($) | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Valuation Allowance [Line Items] | |||
Statutory income tax rate | 27% | 28% | 28% |
Unrecognized tax benefit | $ 0 | $ 0 | |
Income tax expense | (2,309,000) | 327,000 | $ 7,560,000 |
Loss before income taxes | (32,266,000) | (39,900,000) | (5,619,000) |
Foreign tax credits generated-United States | 115,000 | 62,000 | $ 10,000 |
Deferred tax assets | 6,654,000 | 3,862,000 | |
Unused foreign tax credits | $ 0 | $ 0 | |
Effective tax rate | 7.16% | (0.83%) | (134.55%) |
Changes in enacted tax rate | $ 0 | $ 0 | $ 0 |
Valuation allowance | 109,120,000 | 117,101,000 | |
Deferred tax benefit | (7,442,000) | $ (2,044,000) | $ 6,691,000 |
Connect [Member] | |||
Valuation Allowance [Line Items] | |||
Deferred tax benefit | $ (2,000,000) | ||
South Africa [Member] | |||
Valuation Allowance [Line Items] | |||
Statutory income tax rate | 27% | 28% | 28% |
Income tax expense | $ 1,300,000 | ||
Loss before income taxes | (21,308,000) | $ (31,266,000) | $ (30,825,000) |
Tax rate used to measure deferred tax liability | 21% | ||
Deferred tax benefit | (7,490,000) | $ (2,154,000) | (2,039,000) |
United States [Member] | |||
Valuation Allowance [Line Items] | |||
Loss before income taxes | (10,755,000) | (8,509,000) | (6,686,000) |
Deferred tax benefit | 0 | 0 | $ 9,136,000 |
Cell C [Member] | |||
Valuation Allowance [Line Items] | |||
Fair value of investment | 0 | 0 | |
CPS [Member] | |||
Valuation Allowance [Line Items] | |||
Fair value of investment | $ 0 | $ 0 |
Income Taxes (Components Of (Lo
Income Taxes (Components Of (Loss) Income Before Income Taxes) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Tax [Line Items] | |||
Loss before income taxes | $ (32,266) | $ (39,900) | $ (5,619) |
South Africa [Member] | |||
Income Tax [Line Items] | |||
Loss before income taxes | (21,308) | (31,266) | (30,825) |
United States [Member] | |||
Income Tax [Line Items] | |||
Loss before income taxes | (10,755) | (8,509) | (6,686) |
Liechtenstein [Member] | |||
Income Tax [Line Items] | |||
Loss before income taxes | 0 | (509) | (810) |
Other Income Tax Segment [Member] | |||
Income Tax [Line Items] | |||
Loss before income taxes | $ (203) | $ 384 | $ 32,702 |
Income Taxes (Provision For Inc
Income Taxes (Provision For Income Taxes By Location Of Taxing Jurisdiction) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Tax [Line Items] | |||
Current income tax expense (benefit) | $ 6,317 | $ 2,309 | $ 859 |
Deferred taxation (benefit) charge | (7,442) | (2,044) | 6,691 |
Foreign tax credits generated-United States | 115 | 62 | 10 |
Income tax (benefit) provision | (2,309) | 327 | 7,560 |
South Africa [Member] | |||
Income Tax [Line Items] | |||
Current income tax expense (benefit) | 6,317 | 2,309 | 866 |
Deferred taxation (benefit) charge | (7,490) | (2,154) | (2,039) |
Income tax (benefit) provision | 1,300 | ||
United States [Member] | |||
Income Tax [Line Items] | |||
Current income tax expense (benefit) | 0 | 0 | (75) |
Deferred taxation (benefit) charge | 0 | 0 | 9,136 |
Other Income Tax Segment [Member] | |||
Income Tax [Line Items] | |||
Current income tax expense (benefit) | 0 | 0 | 68 |
Deferred taxation (benefit) charge | $ 48 | $ 110 | $ (406) |
Income Taxes (Reconciliation Of
Income Taxes (Reconciliation Of Income Taxes) (Details) | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Effective Income Tax Rate Continuing Operations Tax Rate Reconciliation [Abstract] | |||
Income taxes at fully-distributed South African tax rates | 27% | 28% | 28% |
Movement in valuation allowance | (17.66%) | (22.05%) | (250.16%) |
Prior year adjustments | 7.60% | 0.01% | 1.77% |
Foreign tax rate differential | (0.02%) | 0.02% | 51.21% |
Change in tax laws - South Africa | 4.03% | 0% | 0% |
Non-deductible items | (13.28%) | (6.59%) | (58.40%) |
Capital gains differential | (0.51%) | 0.11% | 93.03% |
Release from FCTR | 0% | (0.33%) | 0% |
Income tax provision | 7.16% | (0.83%) | (134.55%) |
Income Taxes (Schedule Of Defer
Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 |
Income Tax [Abstract] | ||
Capital losses related to investments | $ 36,267 | $ 42,587 |
Net operating loss carryforwards | 39,486 | 40,384 |
Foreign tax credits | 32,599 | 32,671 |
Provisions and accruals | 3,165 | 3,163 |
FTS patent | 40 | 95 |
Other | 4,217 | 2,063 |
Total deferred tax assets before valuation allowance | 115,774 | 120,963 |
Valuation allowances | (109,120) | (117,101) |
Total deferred tax assets, net of valuation allowance | 6,654 | 3,862 |
Intangible assets | 32,731 | 43,876 |
Investments | 10,354 | 10,354 |
Other | 94 | 67 |
Total deferred tax liabilities | 43,179 | 54,297 |
Long-term deferred tax assets | 10,315 | 3,776 |
Long-term deferred tax liabilities | 46,840 | 54,211 |
Net deferred income tax liabilities | $ 36,525 | $ 50,435 |
Income Taxes (Movement In Valua
Income Taxes (Movement In Valuation Allowance) (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Valuation Allowances, Balance, Beginning Balance | $ 117,101 | $ 118,777 |
Charged to statement of operations | 5,916 | 8,119 |
Reversed to statement of operations | (1,701) | (301) |
Utilized | (1) | |
Foreign currency adjustment | (9,845) | (9,493) |
Valuation Allowances, Balance, Ending Balance | 109,120 | 117,101 |
South Africa [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Change in tax rate | (2,351) | |
Capital Losses Related To Investments [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Valuation Allowances, Balance, Beginning Balance | 42,587 | 47,518 |
Charged to statement of operations | 5 | 195 |
Reversed to statement of operations | 0 | 0 |
Utilized | 0 | |
Foreign currency adjustment | (5,135) | (5,126) |
Valuation Allowances, Balance, Ending Balance | 36,267 | 42,587 |
Capital Losses Related To Investments [Member] | South Africa [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Change in tax rate | (1,190) | |
Net Operating Loss Carry-forwards [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Valuation Allowances, Balance, Beginning Balance | 39,652 | 36,270 |
Charged to statement of operations | 5,492 | 7,647 |
Reversed to statement of operations | (579) | (167) |
Utilized | (1) | |
Foreign currency adjustment | (5,023) | (4,097) |
Valuation Allowances, Balance, Ending Balance | 38,381 | 39,652 |
Net Operating Loss Carry-forwards [Member] | South Africa [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Change in tax rate | (1,161) | |
Foreign Tax Credits [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Valuation Allowances, Balance, Beginning Balance | 32,671 | 32,737 |
Charged to statement of operations | 0 | 0 |
Reversed to statement of operations | (510) | (66) |
Utilized | 0 | |
Foreign currency adjustment | 438 | 0 |
Valuation Allowances, Balance, Ending Balance | 32,599 | 32,671 |
Foreign Tax Credits [Member] | South Africa [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Change in tax rate | 0 | |
Other [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Valuation Allowances, Balance, Beginning Balance | 2,191 | 2,252 |
Charged to statement of operations | 419 | 277 |
Reversed to statement of operations | (612) | (68) |
Utilized | 0 | |
Foreign currency adjustment | (125) | (270) |
Valuation Allowances, Balance, Ending Balance | 1,873 | $ 2,191 |
Other [Member] | South Africa [Member] | ||
Valuation and Qualifying Accounts Disclosure [Line Items] | ||
Change in tax rate | $ 0 |
Income Taxes (Schedule Of Net O
Income Taxes (Schedule Of Net Operating Loss Carryforwards) (Details) - Tax Year 2024 [Member] $ in Thousands | 12 Months Ended |
Jun. 30, 2023 USD ($) | |
Operating Loss Carryforwards [Line Items] | |
Year of expiration | 2024 |
US net operating loss carry forwards | $ 775 |
(Loss) Earnings Per Share (Narr
(Loss) Earnings Per Share (Narrative) (Details) - $ / shares | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Options exercise price range, lower limit | $ 3.01 | ||
Options exercise price range, upper limit | $ 11.23 | ||
Stock Options [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | |||
Options outstanding not included in computation of diluted earnings per share | 112,783 | 191,448 | |
Securities excluded from computation of earnings per share, where exercise price greater than average market price | 276,616 | 186,999 | 282,832 |
Options exercise price range, lower limit | $ 4.87 | $ 6.20 | $ 6.20 |
Options exercise price range, upper limit | $ 11.23 | $ 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, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net loss attributable to Lesaka | $ (35,074) | $ (43,876) | $ (38,057) |
Undistributed loss | $ (35,074) | $ (43,876) | $ (38,057) |
Percent allocated to common shareholders (Calculation 1) | 95% | 98% | 99% |
Numerator for loss per share: basic and diluted | $ (33,407) | $ (43,006) | $ (37,825) |
Denominator for basic loss per share: weighted-average common shares outstanding | 60,134 | 57,207 | 56,332 |
Stock options | 0 | 0 | 259 |
Denominator for diluted loss per share: adjusted weighted average common shares outstanding and assuming conversion | 60,134 | 57,207 | 56,591 |
Loss per share: Basic | $ (0.56) | $ (0.75) | $ (0.67) |
Loss per share: Diluted | $ (0.56) | $ (0.75) | $ (0.67) |
Basic weighted-average common shares outstanding | 60,134 | 57,207 | 56,332 |
Basic weighted-average common shares outstanding and unvested restricted shares expected to vest | 63,134 | 58,364 | 56,678 |
Supplemental Cash Flow Inform_3
Supplemental Cash Flow Information (Narrative) (Details) - Employees [Member] | 12 Months Ended |
Jun. 30, 2023 $ / shares shares | |
Shares issued during period | shares | 23,934 |
Shares issued price per share | $ / shares | $ 4.76 |
Supplemental Cash Flow Inform_4
Supplemental Cash Flow Information (Schedule Of Supplemental Cash Flow Disclosures) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Supplemental Cash Flow Information [Abstract] | |||
Cash received from interest | $ 1,841 | $ 2,065 | $ 2,222 |
Cash paid for interest | 13,278 | 5,817 | 3,056 |
Cash paid for income taxes | $ 7,200 | $ 1,138 | $ 16,608 |
Supplemental Cash Flow Inform_5
Supplemental Cash Flow Information (Schedule Of Disaggregation Of Cash, Cash Equivalents And Restricted Cash) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2020 |
Cash And Cash Equivalents [Line Items] | ||||
Cash and cash equivalents | $ 35,499 | $ 43,940 | $ 198,572 | |
Restricted cash | 23,133 | 60,860 | 25,193 | |
Cash, cash equivalents and restricted cash | $ 58,632 | $ 104,800 | $ 223,765 | $ 232,485 |
Supplemental Cash Flow Inform_6
Supplemental Cash Flow Information (Supplemental Cash Flow Disclosure Related To Leases) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Supplemental Cash Flow Information [Abstract] | |||
Cash paid related to lease liabilities: Operating cash flows from operating leases | $ 2,866 | $ 3,971 | $ 4,050 |
Right-of-use assets obtained in exchange for lease obligations: Operating leases | $ 983 | $ 6,054 | $ 3,000 |
Operating Segments (Narrative)
Operating Segments (Narrative) (Details) | 12 Months Ended |
Jun. 30, 2023 Item | |
Segment Reporting Information [Line Items] | |
Number of reportable segments | 2 |
Operating Segments (Reconciliat
Operating Segments (Reconciliation Of Reportable Segments Revenue) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | $ 527,971 | $ 222,609 | $ 130,786 |
Merchant Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 463,701 | 156,677 | 62,944 |
Consumer Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 62,801 | 65,932 | 66,149 |
Unallocated [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 1,469 | 1,693 | |
Reportable Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 526,502 | 222,621 | 129,093 |
Reportable Segment [Member] | Merchant Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 463,701 | 156,689 | 62,944 |
Reportable Segment [Member] | Consumer Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 62,801 | 65,932 | 66,149 |
Reportable Segment [Member] | Unallocated [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 0 | 0 | |
Inter-Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 0 | (12) | 0 |
Inter-Segment [Member] | Merchant Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 0 | (12) | 0 |
Inter-Segment [Member] | Consumer Segment [Member] | |||
Segment Reporting, Revenue Reconciling Item [Line Items] | |||
Revenues | 0 | $ 0 | 0 |
Inter-Segment [Member] | Unallocated [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 | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating loss | $ (15,347) | $ (40,195) | $ (53,872) |
Lease adjustments | (2,906) | (3,955) | (4,148) |
Stock based compensation charge adjustments | (7,309) | (2,962) | (344) |
Depreciation and amortization | (23,685) | (7,575) | (4,347) |
Impairment loss | (7,039) | 0 | 0 |
Gain related to fair value adjustment to currency options | 0 | 3,691 | 0 |
Gain on disposal on equity securities | 0 | 720 | 0 |
Loss on disposal of equity-accounted investment (Note 9) | (205) | (376) | (13) |
Change in fair value of equity securities (Note 3) | 0 | 0 | 49,304 |
Gain (loss) on disposal/deconsolidation | 0 | 0 | (472) |
Interest income | 1,853 | 2,089 | 2,416 |
Interest expense | (18,567) | (5,829) | (2,982) |
Loss before income taxes | (32,266) | (39,900) | (5,619) |
Unallocated [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating loss | 0 | 0 | (10,899) |
Group Cost [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating loss | (9,109) | (8,587) | (6,965) |
Once Off Items [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating loss | (1,922) | (8,088) | (6,618) |
Reportable Segment [Member] | |||
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items] | |||
Operating loss | 36,845 | (9,028) | (20,551) |
Depreciation and amortization | $ (8,536) | $ (3,846) | $ (3,937) |
Operating Segments (Summary Of
Operating Segments (Summary Of Segment Information) (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
Segment Reporting Information [Line Items] | |||
Revenue | $ 527,971 | $ 222,609 | $ 130,786 |
Lease adjustments | 2,906 | 3,955 | 4,148 |
Operating loss | (15,347) | (40,195) | (53,872) |
Depreciation and amortization | 23,685 | 7,575 | 4,347 |
Expenditures for long-lived assets | 16,156 | 4,558 | 4,285 |
Group Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 15,149 | 3,729 | 359 |
Expenditures for long-lived assets | 0 | 0 | 0 |
Unallocated [Member] | |||
Segment Reporting Information [Line Items] | |||
Depreciation and amortization | 0 | 0 | 51 |
Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 526,502 | 222,621 | 129,093 |
Operating loss | 36,845 | (9,028) | (20,551) |
Depreciation and amortization | 8,536 | 3,846 | 3,937 |
Expenditures for long-lived assets | 16,156 | 4,558 | 4,285 |
Merchant Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 463,701 | 156,677 | 62,944 |
Merchant Segment [Member] | Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 463,701 | 156,689 | 62,944 |
Operating loss | 33,531 | 12,646 | 5,411 |
Depreciation and amortization | 7,422 | 2,186 | 866 |
Expenditures for long-lived assets | 12,986 | 2,846 | 852 |
Consumer Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 62,801 | 65,932 | 66,149 |
Consumer Segment [Member] | Reportable Segment [Member] | |||
Segment Reporting Information [Line Items] | |||
Revenue | 62,801 | 65,932 | 66,149 |
Operating loss | 3,314 | (21,674) | (25,962) |
Depreciation and amortization | 1,114 | 1,660 | 3,071 |
Expenditures for long-lived assets | 3,170 | $ 1,712 | $ 3,433 |
Consumer Segment [Member] | Reportable Segment [Member] | Retrenchment Costs [Member] | |||
Segment Reporting Information [Line Items] | |||
Retrenchment costs | $ 5,900 |
Operating Segments (Long-Lived
Operating Segments (Long-Lived Assets Based On Geographical Location) (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 |
Revenues From External Customers And Long Lived Assets [Line Items] | |||
Long-lived assets | $ 378,598 | $ 438,833 | $ 134,013 |
South Africa [Member] | |||
Revenues From External Customers And Long Lived Assets [Line Items] | |||
Long-lived assets | 300,104 | 359,725 | 50,754 |
India - investment in MobiKwik (Note 9) | |||
Revenues From External Customers And Long Lived Assets [Line Items] | |||
Long-lived assets | 76,297 | 76,297 | 76,297 |
Rest Of World [Member] | |||
Revenues From External Customers And Long Lived Assets [Line Items] | |||
Long-lived assets | $ 2,197 | $ 2,811 | $ 6,962 |
Commitments And Contingencies (
Commitments And Contingencies (Narrative) (Details) $ in Thousands, R in Millions | Jun. 30, 2023 USD ($) | Jun. 30, 2023 ZAR (R) | Jun. 30, 2022 USD ($) |
Guarantor Obligations [Line Items] | |||
Outstanding capital commitments | $ 100 | $ 300 | |
Purchase obligations | 3,000 | $ 11,000 | |
Nedbank [Member] | Guarantee [Member] | |||
Guarantor Obligations [Line Items] | |||
Guarantee amount | $ 100 | 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 | $ 1,900 | 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 | $ 200 | R 3 | |
RMB Member [Member] | Guarantee [Member] | |||
Guarantor Obligations [Line Items] | |||
Guarantee amount | $ 1,800 | R 33.1 |
Related Party Transactions (Nar
Related Party Transactions (Narrative) (Details) $ in Thousands, R in Millions | 3 Months Ended | 12 Months Ended | ||||
Mar. 16, 2023 USD ($) | Mar. 22, 2022 USD ($) | Sep. 30, 2020 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2021 USD ($) | Mar. 22, 2022 ZAR (R) | |
Related Party Transaction [Line Items] | ||||||
Disgorgement proceeds recorded as an increase to additional paid-in capital | $ 98 | |||||
Commitment fee amount | $ 8,900 | |||||
VCP Agreement [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Market capitalization benchmark amount | R | R 2,600 | |||||
Commitment fee amount | $ 5,250 | |||||
VCP Agreement [Member] | Common Stock [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Value of shares obligated to issue from agreement | R | R 350 | |||||
VCP [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Disgorgement proceeds recorded as an increase to additional paid-in capital | $ 100 | |||||
Related party transaction tax on capital contribution from shareholders | $ 20 | |||||
Disgorgement proceeds received from related party | $ 120 | |||||
Percent calculated per annum of support provided over period of extension | 1% |