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…

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Annuity better protected

A Retirement Annuity (RA) is a savings vehicle with unique features that will provide you with a regular income upon your retirement.   It is a private pension plan to save for retirement and is the biggest or the only investment for many people.   On March 1, new regulations will come into effect to…

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Updates to the Group’s board committees

Ecsponent’s board is ultimately responsible for the Group’s performance and affairs, which includes protecting and enhancing the Group’s wealth and resources, timely and transparent reporting, and always acting in the best interest of the Group and its stakeholders.   The Group’s committees all meet independently but report directly to the Board and decisions taken by…

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Ecsponent in the media

Sensible way of getting behind SMEs Niche financial services firm is enabling entrepreneurs in a manner that traditional banks can’t – or won’t – and actively contributing to SA’s economic goals. www.moneyweb.co.za/in-depth/ecsponent-group/sensible-way-of-getting-behind-smes/   How Ecsponent is embracing the Fourth Industrial Revolution The Group takes direct, minority equity stakes in high-growth segments, favouring enterprises in niche…

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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.…

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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…

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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…

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