News Room

Ecsponent CEO to step down at the end of 2019

6 August 2019 JOHANNESBURG – JSE-listed financial services company Ecsponent Limited, today announced that Terence Gregory will step down as Chief Executive Officer (CEO) on 31 December 2019. Dirk van der Merwe, the current Financial Director, will succeed Gregory as CEO. Gregory will remain on the Board as a non-executive director subject to ratification at…

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Ecsponent continues asset growth trajectory, creating a solid investment case

Ecsponent continues asset growth trajectory, creating a solid investment case Acquisitive growth continues to provide platform for exponential growth Financial performance for the year expected to be impacted by weak trading conditions in operational areas Overall business model remains resilient with continued investment in operations anticipated to contribute in medium term Growth in the Wealth…

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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…

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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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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…

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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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