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Ecsponent Newsflash

At the end of June, the Group announced a series of transactions, which will see it expand its African investment portfolio, with a particular focus on renewable energy and financial services that promote financial inclusion. In a SENS announcement issued yesterday afternoon, we advised our shareholders of the Board’s decision to implement these transactions in stages, to ensure that Ecsponent…

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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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Africa for Africans (with a little help from China)

On Tuesday, China pledged to invest $14.7bn in South Africa and grant loans to Eskom and SAA. While this investment brings the country closer to President Ramaphosa’s target to raise US$ 100 billion in foreign direct investment, some argue that China’s intentions are not what they seem. It is said that China is a mercenary lender,…

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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…

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