Income Provider (Swaziland)

Investment objectives

Provide investors with a steady, above-average income from their investment, whilst preserving the capital amount, with a zero investment cost to maximise returns.

Suitable for investors who require

  • a medium-term investment (five years);
  • higher than market standard returns;
  • a monthly after-tax income;
  • the security of having their capital returned at the end of the term;
  • 100% allocation of capital invested.

Annual rate of return paid to investors

Investment value Gross rate Net rate*
Minimum E10 000 15% E1 000.00 per linked loan unit

* Quoted rates excluded fees, taxes and are subject to change.

Key features

Industry Category

Linked Loan Units

Performance Target

15% per annum

Minimum Investment

E10 000

Product Profile

Moderate

Time Horizon

5 years

Launch Date

Fourth Quarter 2014

Fees and reduction in yield

Initial Fee 0%
Advisor Fee 0%
Total Expense Ratio 0%

Investment description

Class A, five-year, zero-rate, redeemable, non-voting par value linked loan units at an issue price of E1.00 per share in the share capital of Ecsponent Limited (Swaziland), and a zero rate redeemable, convertible claim of E999.00 per claim, sold in linked loan units of one linked loan unit and one claim, which are inseparably linked. These linked loan units are offered at offered at E1 000.00 each, with interested calculated and paid monthly, presently at a rate of 15% per annum per linked loan unit.

Investment portfolio

In the Kingdom of Swaziland, Ecsponent has been operating as a wealth-generating, public company since July 2013 and a subsidiary of the JSE-listed Ecsponent Limited. It is an authorised financial service provider, registered with the Financial Services Regulatory Authority under Financial Service Provider licence number IA/0020/14.

As a local investment holding company, Ecsponent aims to provide and create a secured environment for Swazi investors to achieve above-average returns. For SMEs, it makes capital available to businesses that need funding for growth.

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