Ecsponent continues asset growth trajectory, creating a solid investment case

Ecsponent continues asset growth trajectory, creating a solid investment case Acquisitive growth continues to provide platform for exponential growth Financial performance for the year expected to be impacted by weak trading conditions in operational areas Overall business model remains resilient with continued investment in operations anticipated to contribute in medium term Growth in the Wealth…

Women’s financial literacy is key to economic empowerment and promoting gender equality

Mother’s Day is a time to celebrate the women who raise us, care for us and teach us. While this annual tradition involves thoughtful words and gifts, we often don’t truly appreciate everything mothers do. They don’t only provide comfort and support, but also usually shape their families’ financial culture, which is one of the…

Newsflash 26.03.2019 – Ecsponent to take control of Frankfurt-listed MyBucks S.A. and releases interim results

Ecsponent to take control of the MyBucks group in a R450 million transaction, continuing its growth trajectory Control of MyBucks S.A. expected to result in: Improved profitability for both Ecsponent and MyBucks groups Increased footprint, products and infrastructure for the Ecsponent group, as well as improved currency and geographical diversification Reduced concentration risk and increased…

Newsflash 22.03.2019 – Ecsponent Investors’ Call – Operational Update And Interim Results

Ecsponent will be hosting an investors’ call at 10:00 (CAT) on 26 March 2019 to provide an update in respect of the Group’s operational progress and financial results for the six months ended 31 December 2018. Register to participate in the call by sending an email to investor.relations@ecsponent.com or follow the dial in instructions below:…

Ecsponent concludes a ZAR 700 million loan financing term sheet with Afreximbank

18 February 2019 Ecsponent concludes a ZAR 700 million loan financing term sheet with Afreximbank, transaction expected to close before June financial year end   Substantial move towards diversification of Ecsponent’s capital raising efforts; reducing reliance on retail funding Proceeds to bolster SME lending business Significant reduction in the Group’s weighted average cost of capital…

Newsflash 18.02.2019 – Ecsponent concludes ZAR700 million term sheet with Afreximbank

Ecsponent concludes a ZAR 700 million loan financing term sheet with Afreximbank, transaction expected to close before June financial year end Substantial move towards diversification of Ecsponent’s capital raising efforts; reducing reliance on retail funding Proceeds to bolster SME lending business Significant reduction in the Group’s weighted average cost of capital Four-year, rand denominated facility…

Ecsponent cements position in African fintech environment; diversifies portfolio further

Johannesburg – January 30, 2019 – JSE-listed, specialist financial services group Ecsponent Limited today announced the conclusion of an agreement in respect of its investment in Luxemburg-based and Frankfurt Stock Exchange listed FinTech innovator MyBucks S.A (MyBucks).   Ecsponent’s investment in MyBucks forms part of its portfolio of investments in its Equity Holdings business unit.…

Ecsponent’s green energy investment supports local development

Johannesburg – January 30, 2019 – In 2018, the JSE-listed, specialist financial services group Ecsponent Limited announced plans to invest in the development of renewable energy projects in sub-Saharan Africa. One of these equity investments is support for Invest Solar Africa Limited, a Botswana-based renewable energy investor and independent power producer (IPP). This pan-African IPP…