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…

Details

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…

Details

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.…

Details

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…

Details

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…

Details

Newsflash 22.01.2019 – Pink Orchid transaction approved

We are pleased to share with you that yesterday shareholders unanimously approved the Pink Orchid transaction.  Pink Orchid is an investment holding company incorporated in Botswana. This investment results in the Ecsponent Group (“Ecsponent” or “the Group”) acquiring 34.89% of the ordinary share capital of Zimbabwean Stock Exchange-listed GetBucks Zimbabwe and increasing its investment in…

Details

Ecsponent’s notes offer investors an easy income alternative

JOHANNESBURG, 3 December 2018 – Ecsponent Limited (JSE:ECS) today announced that it has published a prospectus in respect of a R 10 billion Domestic Medium Term Note Programme (DMTN Programme). The notes offered via this programme are JSE-listed medium-term, fixed interest-bearing securities that offer retail, corporate and institutional investors access to superior interest rates. There are…

Details

Newsflash 03.12.2018 – Ecsponent’s new notes offer investors an easy income alternative

It gives me great pleasure to let you know that today, we announced the publication of a prospectus in respect of a R10 billion Domestic Medium Term Note Programme (DMTN Programme).   The notes offered via this programme are JSE-listed medium-term, fixed interest-bearing securities that provide retail, corporate and institutional investors access to superior interest rates. There are multiple…

Details

Newsflash 01.11.2018 – Transactions Update

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.Following the decision to implement these in stages, some of the transactions’ terms were renegotiated to ensure that Ecsponent maximises the benefit from each…

Details