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Equity-Accounted Investments And Other Long-Term Assets (Tables)
12 Months Ended
Jun. 30, 2025
Ownership Percentage Of Equity-Accounted Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2025
2024
Sandulela Technology
 
Proprietary Limited ("Sandulela")
49
 
%
49
 
%
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, 2023
$
3,040
$
131
$
3,171
Stock-based compensation
 
14
-
14
Comprehensive loss:
(956)
166
(790)
Other comprehensive income
 
489
-
489
Equity accounted (loss) earnings
(1,445)
166
(1,279)
Share of net (loss) income
(278)
166
(112)
Impairment
(1,167)
-
(1,167)
Dividends received
 
-
(95)
(95)
Sale of shares in equity-accounted investment
(2,096)
-
(2,096)
Foreign currency adjustment
(2)
(2)
4
2
Balance as of June 30, 2024
-
206
206
Comprehensive income:
-
114
114
Equity accounted earnings
-
114
114
Share of net income
-
114
114
Dividends received
 
-
(96)
(96)
Sale of shares in equity-accounted investment
-
(507)
(507)
Equity-accounted investment acquired in business combination (Note
 
3)
-
477
477
Foreign currency adjustment
(2)
-
5
5
Balance as of June 30, 2025
$
-
$
199
$
199
(1) Includes Sandulela and SmartSwitch Namibia;
(2) The foreign currency
 
adjustment represents the
 
effects of the fluctuations
 
of the ZAR and
 
Namibian dollar, against
 
the U.S.
dollar on the carrying value.
Summary Of Other Long-Term Asset
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
June 30,
2025
2024
Total equity investments
 
$
-
$
76,297
Investment in MobiKwik (June 30, 2024:
10
%)
(1)
-
76,297
Investment in
5
% of Cell C (June 30, 2024:
5
%) at fair value (Note 6)
-
-
Investment in
87.50
% of CPS (June 30, 2024:
87.50
%) at fair value
(1)(2)
-
-
Policy holder assets under investment contracts (Note 11)
125
216
Reinsurance assets under insurance contracts (Note 11)
1,837
1,469
Other long-term assets
1,847
-
Total other long-term
 
assets
$
3,809
$
77,982
(1) The
 
Company determined
 
that MobiKwik
 
(up until
 
December 2024)
 
and CPS do
 
not have
 
readily determinable
 
fair values
and therefore elected
 
to record these
 
investments at cost
 
minus impairment, if
 
any,
 
plus or minus
 
changes resulting from
 
observable
price changes in orderly
 
transactions for the identical
 
or a similar investment
 
of the same issuer.
 
The Company disposed
 
of its entire
investment in MobiKwik in late June 2025.
(2) On October 16, 2020, the
 
High Court of South Africa, Gauteng Division,
 
Pretoria ordered that Cash Paymaster Services (Pty)
Ltd (“CPS”) be placed into liquidation.
Summary Of Components Of Equity Securities Without Readily Determinable Fair Value And Held To Maturity Investments
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost basis
Unrealized
holding gains
Unrealized
holding losses
Carrying
value
Equity securities:
Investment in CPS
$
-
$
-
$
-
$
-
Held to maturity:
Investment in Cedar Cellular notes
 
-
-
-
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost basis
Unrealized
holding gains
Unrealized
holding losses
Carrying
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
 
ended June 30,
2024
2023
Loss on disposal of Finbond shares:
Consideration received in cash
$
3,508
$
265
Less: carrying value of Finbond shares sold
(2,112)
(363)
Less: release of foreign currency translation reserve from accumulated other
 
comprehensive
loss
(1,543)
(252)
Add: release of stock-based compensation charge related
 
to equity-accounted investment
147
9
Loss on sale of Finbond shares
$
-
$
(341)
Carbon [Member]  
Schedule Of Calculation Of Gain (Loss) On Disposal
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
ended
 
June 30,
2023
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
 
did
 
not
 
pay
 
taxes
 
related
 
to
 
the
 
sale
 
of
 
Carbon
 
because
 
the
 
base
 
cost
 
of
 
its
 
investment
 
exceeds
 
the
 
sales
consideration
 
received.
 
The Company
 
does not
 
believe
 
that it
 
will be
 
able to
 
utilize the
 
loss generated
 
because
 
Net1 BV
 
does
 
not
generate taxable income.