What changed in this filing

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Item 4. Controls and Procedures

2026-02-04 compared with 2025-11-05 · 90 added, 101 removed, 46 unchanged (81% of the section changed)

5 unchanged sentences

promulgated under the Securities Exchange Act of 1934, as amended, as of

September 30, 2025.

We previously identified and disclosed in Part II, Item 9A of our Annual Report on Form 10-K for the

year ended June 30, 2025,

December 31, 2025.

We previously identified

and disclosed in Part II, Item 9A of our Annual Report

on Form 10-K for the year ended

June 30, 2025,

material weaknesses in our internal control over financial reporting related

systems and processes

system of internal

control, insufficient

controls over internal

information and

information from service

organizations, insufficient

design and implementation

of information technology general

(“ITGCs”), and controls over service

organizations, resulting in ineffective

process level and automated controls,

a lack of validation of the completeness and accuracy of information used

within the process;

Our payroll process,

specifically insufficient risk

assessment and monitoring activities

relating to changes over

of ownership to the centralized

payroll processes that could impact the

system of internal control, insufficient

controls over

organizations,

implementation

organizations,

information used within the process;

Our payroll process, specifically

insufficient risk assessment

and monitoring activities relating

to changes over the

organizations,

insufficient design

and implementation

of ITGCs, controls

over service organizations

resulting in ineffective

process level

including a lack of validation of the completeness and accuracy of information used

within this process;

goodwill impairment

to insufficient

risk assessments,

organizations resulting in ineffective process level and automated controls

including a lack of validation

of the completeness

and accuracy of information used within this process;

implementation of controls resulting in ineffective process level

Our business combination

process, specifically insufficient

risk assessments, and

ineffective design

and implementation of

purchase price

allocation of

and Recharger

acquisitions including

combination process,

specifically insufficient

risk assessments

and ineffective

implementation of

the Adumo and

controls over

information resulting in ineffective process level controls including a lack of validation of the completeness and accuracy

information resulting in ineffective process level controls including a lack of validation of the completeness and accuracy of

information used;

specifically insufficient risk assessment and ineffective design and implementation of

controls related to our judgement over

revenue recognized

either as principal

versus as agent

ineffective controls

and a material

misstatement as well

specifically insufficient risk assessment and ineffective design and implementation of controls

related to our judgement over

revenue recognized either

as principal versus as

agent resulting in ineffective

a material misstatement

as the requirement to restate revenue, cost of goods sold, IT processing, servicing and support and related disclosures for all

5 unchanged sentences

and implementation

of controls including insufficient controls over information resulting in ineffective process level controls including a lack of

of controls including insufficient controls over information resulting in ineffective process level controls including

validation of the completeness

of the journal entry

population and a lack of

validation of the completeness

and accuracy of

population and a lack

of validation of the

completeness and accuracy of

information used within the process;

An insufficient number of experienced and trained resources and an insufficient understanding

of the application of internal

controls over

financial reporting

across the Southern

African businesses resulting

in ineffective

design, implementation

As a result of

insufficient time to design, implement and

fully test controls to

ensure we have remediated the

material weaknesses

discussed in our

Annual Report on

Form 10-K for

our fiscal year

ended June 30,

2025 (as described

above), the executive

financial officer

concluded that

our disclosure

procedures were

not effective

An insufficient number of experienced and trained resources and an insufficient understanding of the application

controls over financial reporting

across the Southern African

businesses resulting in ineffective

design and implementation

of internal controls.

As a result of insufficient time in implementing all procedures to remediate

the material weaknesses discussed in our Annual

Report on Form10-K for our

fiscal year ended June 30,

2025 (as described above), the Executive

Chairman and the group chief

financial officer concluded that our disclosure controls and procedures

were not effective as of December 31, 2025.

Notwithstanding

7 unchanged sentences

Remediation Plan

Management has made

progress and continues

to actively work

on remediating the

identified material weaknesses

remediating the

material weaknesses

timely manner.

Our remediation

process is ongoing

and includes,

limited to, the following steps:

comprehensive

Management has made significant

progress and continues to actively

work on remediating the identified

material weakness and

remains committed to remediating the material weakness in a timely manner.

Our remediation process is ongoing and includes, but is

not limited to, the following steps:

comprehensive remediation

encompasses specific

actions aimed

accountability

the principles

and requirements

control, with

organizations, ITGCs, other process level controls;

with control owners as well

as training related to the operation

and importance of internal controls over financial

organizations, ITGCs, other process level controls and

embedding accountability on a process and controls level;

mandating improved risk assessment procedures with governance requirements upon implementing new systems within our

1 unchanged sentence

of control activities;

the recruitment of additional

appropriately skilled resources

the recruitment of additional appropriately

skilled resources

across the Finance

Compliance disciplines coupled

and Compliance disciplines coupled

with the further upskilling and training of existing resources responsible

5 unchanged sentences

the robustness of our remediation plan.

The remediation plan

with respect to the

material weaknesses identified for

the year ended June

30, 2025 may be

adjusted as is

implementation of

the material weaknesses identified for

is appropriate,

and implementation of

the remediation

have not been

in our internal

financial reporting

fiscal quarter ended September

30, 2025, that have

materially affected, or are

reasonably likely to materially

affect, our internal control

ver financial reporting.

quarter ended

have materially

are reasonably likely to

materially affect,

ontrol over financial reporting.

Other Information

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures