B-BBEE must look beyond regulation to be effective

Black Economic Empowerment (BEE) is one of the most highly regulated South African business landscape today. The most recent changes to the regulations have both large corporate businesses and smaller businesses going back to the scorecard drawing board. Terence Gregory, CEO of JSE-listed African financial services company Ecsponent Limited, believes this has contributed to inhibiting…

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Ecsponent appoints George Manyere and Willem Oberholzer to the board

SIGNIFICANT NEW APPOINTMENTS FOR ECSPONENT LIMITED 22 March 2017 JSE-listed African Financial Services firm, Ecsponent Limited, today announced new appointments to its board. The company says these appointments will strengthen the company’s leadership and enable further growth in line with its strategic objectives. Ecsponent CEO, Terence Gregory says, “These appointments are significant as the appointed…

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Lifesaving treatments for expecting parents

6 February 2017 February is Pregnancy Awareness Month and there are important actions and decisions that expecting parents should take into consideration at the beginning of this incredible parenting journey. For instance, have you considered storing your baby’s umbilical cord stem cells?  Have you given thought to what babies are dependent on for growth and…

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Ecsponent drives towards continued African growth

20 December 2016 – JSE-listed African financial services company, Ecsponent Limited, has announced a series of transactions designed to ensure continued focus on the Group’s profit strategy and to further streamline operations. Read the full SENS announcement.   Through these transactions, Ecsponent commits its resources to the core business of small to medium enterprise (SME)…

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Five Resolutions for Financial Success in 2017

It has been another tough year for South African consumers. Fortunately, with 2017 just weeks away, there is an opportunity to plan for a better year ahead with inspiring New Year’s resolutions. “While New Year’s resolutions tend to revolve around losing weight and quitting bad habits, South Africans are well-advised to include financial resolutions for…

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Festive Season budgeting: dos and don’ts

The festive season can be daunting when you think of all the additional expenses to add on top of your monthly budget. With gifts to buy and family gatherings to cater for, it is easy to get yourself caught in a tangle of debt and empty grocery cupboards come January 2017. Anton Hay, Director at…

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Focused growth strategy reaps rewards for Ecsponent

Highlights from the Ecsponent’s Interim Results for the 6 months ended 30 June 2016: Total revenue increased by 74.7% to R116.7 million (2015: R66.8 million) Gross profits increased by 97.8% to R95.8 million (2015: R48.4 million) Operating profit increased by 166.7% to R58.4 million (2015: R21.9 million) Profits before tax increased by 61.5% to R28.5…

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