Ecsponent secures US$5 million in funding from Norsad Finance

July 20, 2018 – JSE-listed Ecsponent Limited (“Ecsponent”) announced that it has secured an international funding facility for US$5 million (R67-million) from Norsad Finance Limited (“Norsad”) at market-related terms. Ecsponent’s Investment Services business unit has raised R1.47 billion through its listed preference share programme between September 2014 and 31 March 2018. This capital has been…

Ecsponent benefits from streamlined operations in interim results

Johannesburg – June 29, 2018 – African financial services group Ecsponent Limited (Ecsponent) today announced interim results for the 12-months ended 31 March 2018. The period was characterised by continued strong financial performance, as the Group looks to further expand and grow its business operations in line with its strategic focus. Key features The Group’s…

Umbrella Funds

Umbrella Funds What are the Ecsponent Umbrella Funds? The Ecsponent Umbrella Pension Fund and the Ecsponent Umbrella Provident Fund are individual legal entities that allow several participating employers to join. By pooling funds, employers and their employees enjoy cost savings generated from economies of scale, which ultimately contribute to improved returns. The funds are governed…

Preservation Funds

Preservation Funds What are Ecsponent Preservation Funds? The Ecsponent Preservation Funds cater for investors who want to preserve their retirement benefits in a tax-efficient manner. The Ecsponent Preservation Funds are legal entities, registered with the Financial Sector Conduct Authority (FSCA) and managed by a board of trustees. When leaving an employer you have the choice…

Retirement Annuity

Retirement Annuity What is a retirement annuity? A retirement annuity (RA) is an investment product specially designed for individuals to save or retirement responsibly and tax efficiently. These products are government legislated and have specific attributes: RA funds are protected from most creditors You pay no initial fees or exit penalties or admin fees Tax…

Ecsponent expands equity holdings by investing in Shaka Sisulu’s Truth Digital group

Johannesburg, 19 June 2018 – JSE-listed, African financial services group, Ecsponent Limited, today announced its acquisition of 49% shareholding in Truth Digital Group (Pty) Ltd, a digital marketing group owned by entrepreneur and businessman Shaka Sisulu. Ecsponent CEO Terence Gregory said: “Truth Digital is a 100% black-owned digital media group, with an African growth agenda…

What does Regulation 28 mean for my retirement savings?

Investors saving towards retirement, or anyone with a retirement annuity, will have seen and heard references to “Regulation 28.” This regulation is part of the Pension Funds Act. Its purpose is to protect individuals’ retirement savings through responsible fund management. These regulations aim to protect investors from poorly – or worse, recklessly – managed retirement…