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 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…

Newsflash 01.11.2018 – Transactions Update

At the end of June, the Group announced a series of transactions, which will see it expand its African investment portfolio, with a particular focus on renewable energy and financial services that promote financial inclusion.Following the decision to implement these in stages, some of the transactions’ terms were renegotiated to ensure that Ecsponent maximises the benefit from each…

Newsflash 27.09.2018

At the end of June, the Group announced a series of transactions, which will see it expand its African investment portfolio, with a particular focus on renewable energy and financial services that promote financial inclusion. In a SENS announcement issued yesterday afternoon, we advised our shareholders of the Board’s decision to implement these transactions in…