FPF - Finbond - Finbond Micro Finance Expands Into Africa
FPF
FPF
FPF - Finbond - Finbond Micro Finance Expands Into Africa
Finbond Property Finance Limited
(Previously Quantum Leap Investments 527 (Proprietary) Limited)
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FPF & ISIN: ZAE000097259
("Finbond" or "the Company")
FINBOND MICRO FINANCE EXPANDS INTO AFRICA
Shareholders are advised that Finbond`s Micro Finance Division has acquired a
micro finance branch in Gaborone, the Capital of Botswana as well as in
Windhoek, the Capital of Namibia. These are Finbond`s first Micro Finance
branches in Africa adding to its existing 104 Micro Finance branches in South
Africa.
The above acquisition is not categorised in terms of the JSE Limited Listings
Requirements and the financial effects thereof are not material.
Finbond is excited about the opportunities for expanding Finbond Micro Lending
activities into Africa and further feasibility studies and due diligence
investigations are underway in Botswana, Namibia, Zambia, Uganda and Kenya to
potentially open or acquire branches in those countries.
Pretoria
4 September 2008
DESIGNATED ADVISER:
EXCHANGE SPONSORS (PTY) LIMITED
Date: 04/09/2008 11:20:01 Produced by the JSE SENS Department.
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