LATEST NEWS FOR Ecsponent Ltd.  

Ecsponent Limited is an African, diversified financial services group. The Group invess in equity opportunities in attractive and high-growth sectors in select African markets. Equity investment activities are sector-agnostic and focused towards inve... [more info]

FSCA debars Ecsponent Financial Services’ key directors

UPDATE
12 Jun 2020 /  Suren Naidoo   12
Floris Slabbert and Anton Hay 'breached several financial sector laws'.

Ecsponent Financial Services’ licence withdrawn

UPDATE
5 Jun 2020 /  Suren Naidoo   4
Breach of financial sector laws also sees it hit by R3 million FSCA penalty.

Preference shareholders bail out Ecsponent

UPDATE
28 May 2020 /  Suren Naidoo   4
In R2.3bn debt-for-equity agreement. But it’s uncertain whether they will get to recoup their investment.

FSCA temporarily suspends Ecsponent Financial Services’ licence

20 May 2020 /  Suren Naidoo   4
Pending the finalisation of its investigation into the Pretoria-based group.

Wat is die opsies vir Ecsponent beleggers?

19 May 2020 /  Moneyweb  
George Manyere – uitvoerende hoof, Ecsponent

Ecsponent’s preference shareholders fear losing everything

UPDATE
14 May 2020 /  Suren Naidoo   14
Concerned investors speak out, while the group’s CEO says a new hybrid share plan is aimed at avoiding this.

FSCA inquiry into Ecsponent Financial Services

23 Apr 2020 /  Suren Naidoo   15
Accused of selling high-risk preference shares in its listed parent group, largely to pensioners.

Embattled Ecsponent reports record R1.98bn half-year loss

20 Apr 2020 /  Suren Naidoo   5
Group maintains it's solvent, claiming preference shares as equity.

A question of stability

19 Mar 2020 /  Patrick Cairns  
'Boring' can keep the pot cooking when times are tough.

Major Ecsponent shareholder to pump R200m into group

3 Mar 2020 /  Suren Naidoo   10
Despite default to preference shareholders, acting CEO and majority shareholder says company is still a 'going concern'.

Wat gaan aan by Ecsponent?

2 Mar 2020 /  Moneyweb  
George Manyere – uitvoerende hoof, Ecsponent

Ecsponent’s default puts R2bn in preference shares at risk

25 Feb 2020 /  Suren Naidoo   8
It's likely the group will continue to default on paying other preference shareholders: investment analyst Anthony Rocchi.

Ecsponent het nie die geld om in Maart sy verpligtinge teenoor sy voorkeuraandele na te kom nie

24 Feb 2020 /  Moneyweb   1
Dawie Klopper – portefeuljebestuurder, PSG Wealth

SA’s market in the red, gold price heads to $1 700

UPDATE
24 Feb 2020 /  Bloomberg and Moneyweb  
JSE down almost 4%.

Ecsponent defaults on pay-out to preference shareholders

UPDATE
24 Feb 2020 /  Suren Naidoo   9
The price of its ordinary shares plummets over 33% in early morning trade.

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