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…

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

Ecsponent to take control of the MyBucks group 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 control over underlying assets Recapitalisation…

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:…

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…

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…

Newsflash 03.12.2018 – Ecsponent’s new notes offer investors an easy income alternative

It gives me great pleasure to let you know that today, we announced the publication of a prospectus in respect of a R10 billion Domestic Medium Term Note Programme (DMTN Programme).   The notes offered via this programme are JSE-listed medium-term, fixed interest-bearing securities that provide retail, corporate and institutional investors access to superior interest rates. There are multiple…