Ecsponent maintains growth momentum; increases total assets by 84% to R2.2 billion

15-month results build on the last seven years’ exponential growth Revenue from continuing operations up 45.1% from R321.8 million to R466.9 million Operating profit from continuing operations up 89% from R218.2 million to R412.4 million HEPS increased more than 100% to 6.991 cents per share Further scalability and de-risking through new transactions worth an aggregate…

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Ecsponent Limited releases positive trading update – maintains strong growth trajectory

Johannesburg 12 September 2018 – JSE-listed African financial services group, Ecsponent Limited, today published a trading update, which advised shareholders that the group expects to continue to build on the exponential growth it has achieved each year since 2011.   The group is expecting the results for the 15-month period ended 30 June 2018*, when compared…

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What’s up with the rand?

Will the rand continue to depreciate, and should I move my money abroad as soon as possible?   The volatility and recent depreciation of the rand are causing concern for many investors. This is exacerbated by increasing signs of political instability and warnings of a shrinking economy.   Emotion gets the upper hand It is…

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Ramaphoria starts fading

President Cyril Ramaphosa’s election had promised to be a watershed moment for South Africa. There was euphoria and expectation that our economy would become market- oriented and that there would be a large-scale focus on job creation.   Instead, the country’s focus has shifted to the internal struggle in the ANC with an eye on…

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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…

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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…

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