---
title: "Lesaka Executive Chairman Mazanderani pay set at USD 600,000 base salary under extended contract"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294456907.md"
description: "Lesaka Technologies amended Executive Chairman Ali Mazanderani’s employment agreement, extending the term to June 30, 2029. His annual base salary is set at USD 600,000 with a 50% full-time equivalent commitment. A new South African contract runs from July 1, 2026, through June 30, 2028, extendable to 2029, with a ZAR 5 million base salary and up to ZAR 4 million in travel costs. The agreement excludes short-term cash incentives, bonuses, and severance benefits."
datetime: "2026-07-31T05:06:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294456907.md)
  - [en](https://longbridge.com/en/news/294456907.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294456907.md)
generator: "portal-rs"
---

# Lesaka Executive Chairman Mazanderani pay set at USD 600,000 base salary under extended contract

-   Lesaka Technologies amended Executive Chairman Ali Mazanderani’s employment agreement, extending the term to June 30, 2029. \* Annual base salary set at USD 600,000; commitment fixed at 50% full-time equivalent. \* New South African employment contract effective July 1, 2026 through June 30, 2028, extendable to June 30, 2029. \* South Africa base salary set at ZAR 5 million; business travel costs covered up to ZAR 4 million per financial year. \* No short-term cash incentive or bonus eligibility under either contract; no severance benefits under the amended agreement. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lesaka Technologies Inc. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S524928), on July 31, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**