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…

Details

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…

Details

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…

Details

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…

Details

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…

Details