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…

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…

Ecsponent bolsters board to support growth ambitions

Johannesburg – January 30, 2019 – JSE-listed specialist financial services group, Ecsponent Limited today announced several new appointments to its board that will support the Group’s ongoing sustainability, underpin delivery against strategy and uphold the highest levels of governance.   Keith Rayner is appointed as chairman of the company’s Audit and Risk committee and also…

Newsflash 22.01.2019 – Pink Orchid transaction approved

We are pleased to share with you that yesterday shareholders unanimously approved the Pink Orchid transaction.  Pink Orchid is an investment holding company incorporated in Botswana. This investment results in the Ecsponent Group (“Ecsponent” or “the Group”) acquiring 34.89% of the ordinary share capital of Zimbabwean Stock Exchange-listed GetBucks Zimbabwe and increasing its investment in…