Payments & Financial Infrastructure
Lesaka Technologies Executive Compensation (FY25)
LSAK · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): August 3, 2026
134 figures on this page: 122 cited to the filing that reported them, 12 calculated from figures it prints. See the citations
Lincoln Mali was paid $1,167,656 in total compensation as Chief Executive Officer: Southern Africa and Director for fiscal 2025, and compared with the $1,065,849 reported for fiscal 2024, Mali's total was 9.6% higher. Shareholders supported the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held August 3, 2026 for fiscal 2026. The disclosed peer group names Altron Limited, Blue Label Telecoms Limited, Cantaloupe, Inc., Capital Appreciation Limited and Cass Information Systems, Inc., among others. The company reported 5 named executive officers for fiscal 2025.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Lincoln Mali: $1,065,849 → $1,167,656 (9.6% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Lesaka Technologies' chief executive and what were they paid?
Lincoln Mali was paid $1,167,656 in total compensation as Chief Executive Officer: Southern Africa and Director for fiscal 2025. Compared with the $1,065,849 reported for fiscal 2024, Mali's total was 9.6% higher.
What was Lesaka Technologies' say-on-pay result?
Shareholders supported the say-on-pay proposal with 96.9% of votes cast for or against in favor at the meeting held August 3, 2026 for fiscal 2026.
Which companies are in Lesaka Technologies' peer group?
The disclosed peer group names Altron Limited, Blue Label Telecoms Limited, Cantaloupe, Inc., Capital Appreciation Limited and Cass Information Systems, Inc., among others.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Heilbron Head of Mergers & Acquisitions and Corporate Development | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Lincoln Mali Chief Executive Officer: Southern Africa and Director | — | — | — | — | — | — | — | — not reported |
Ali Mazanderani Executive Chairman of the Board and Director | — | — | — | — | — | — | — | — not reported |
Naeem Kola Group Chief Financial Officer, Treasurer and Secretary and Director | — | — | — | — | — | — | — | — not reported |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Ali Mazanderani Executive Chairman and Director | ◇ | — | — | ◇ | — | — | ◇ | ◇ |
Steven Heilbron Head of Mergers & Acquisitions and Corporate Development | ◇ | ◇ | ◇ | — | ◇ | — | — | ◇ |
Chris Meyer Former Group Chief Executive Officer and Director Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Naeem Kola Group Chief Financial Officer and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lincoln Mali Chief Executive Officer: Southern Africa and Director | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Steven Heilbron Head of Mergers & Acquisitions and Corporate Development | ◇ | — | — | ◇ | ◇ | — | — | ◇ |
Dan Smith Group Chief Financial Officer and Director | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Lincoln Mali Chief Executive Officer: Southern Africa and Director | ◇ | — | ◇ | — | ◇ | — | — | ◇ |
Naeem Kola Group Chief Operating Officer and Director | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Ali Mazanderani Executive Chairman and Director | ◇ | — | — | — | — | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Dan Smith | — | ◇ | — | — | ◇ | — | — | ◇ |
| Lincoln Mali | — | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Dan Smith | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Ali Mazanderani | Option | ◇ | — | ◇ | — |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Option | ◇ | — | ◇ | — | |
| Steven Heilbron | Option | ◇ | — | ◇ | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Kuben Pillay Lead independent director | ◇ | — | — | — | — | ◇ | ◇ |
Ekta Singh-Bushell | ◇ | — | — | — | — | — | ◇ |
Antony Ball | ◇ | — | — | — | — | ◇ | ◇ |
Venessa Naidoo | ◇ | — | — | — | — | ◇ | ◇ |
Dean Sparrow | ◇ | — | — | — | — | — | ◇ |
Naeem Kola, Steven Heilbron, Ali Mazanderani, Dan Smith, Lincoln Mali and Nonkululeko Gobodo served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Altron Limited symbol not shown
- Blue Label Telecoms Limited symbol not shown
- Cantaloupe, Inc. CTLP
- Capital Appreciation Limited symbol not shown
- Cass Information Systems, Inc. CASS
- CSG Systems International, Inc. CSGS
- Dave Inc. DAVE
- Everi Holdings Inc. EVRI
- EVERTEC, Inc. EVTC
- Green Dot Corporation GDOT
- IDT Corporation IDT
- Medallion Financial Corp. MFIN
- Model N, Inc. MODN
- MoneyLion Inc. ML
- PayPoint plc symbol not shown
- Repay Holdings Corporation RPAY
- Synchronoss Technologies, Inc. SNCR
- Transaction Capital Limited symbol not shown
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2026 | August 3, 2026 | = | ◇ | ◇ | ◇ |
| 2025 | December 8, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | December 8, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | November 14, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | November 15, 2023 | = | ◇ | ◇ | ◇ |
| 2021 | November 16, 2022 | = | ◇ | ◇ | ◇ |
| 2020 | November 17, 2021 | = | ◇ | ◇ | ◇ |
| 2019 | November 11, 2020 | = | ◇ | ◇ | ◇ |
| 2018 | November 20, 2019 | = | ◇ | ◇ | ◇ |
| 2017 | November 14, 2018 | = | ◇ | ◇ | ◇ |
| 2016 | November 15, 2017 | = | ◇ | ◇ | ◇ |
| 2015 | November 8, 2016 | = | ◇ | ◇ | ◇ |
What this page does not include
Everything above is a fact Lesaka Technologies disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Lesaka Technologies sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
134 figures on this page: 122 cited to the filing that reported them, 12 calculated from figures it prints.
122 cited to the filing
12 calculated from the filing
Documents cited
- 0001062993-26-003974
- 0001062993-25-017205Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-25-016371COMPENSATION OF DIRECTORS · OUTSTANDING EQUITY AWARDS AT 2025 FISCAL YEAR-END
- 0001062993-26-003502SUMMARY COMPENSATION TABLE (
- 0001062993-24-019062Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-24-017233SUMMARY COMPENSATION TABLE · Summary Compensation Table
- 0001062993-23-020858Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-22-022248Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-21-010983Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-20-005529Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-19-004537Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-18-004588Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-17-004983Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001062993-16-012069Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Lesaka Technologies executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/LSAK (accessed 2026).
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Payments & Financial Infrastructure rankings
Peers Lesaka Technologies discloses
The companies named in LSAK's own disclosed peer group.
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}