ECSPONENT LIMITED - Approval of Zambian micro finance banking licence
ECS 201502260067A
Approval of Zambian micro finance banking licence
ECSPONENT LIMITED
(Previously John Daniel Holdings Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ECS - ISIN: ZAE000179594
("Ecsponent" or "the Company")
APPROVAL OF ZAMBIAN MICRO FINANCE BANKING LICENCE
Ecsponent is pleased to notify shareholders that Ecsponent Financial Services Limited
(“EFSL”), being a wholly owned subsidiary of Ecsponent, has obtained approval for its
licence to operate as a deposit-taking microfinance institution in Zambia.
The approval is granted subject to the Bank Of Zambia capitalization requirements and fees
as well as an undertaking by Ecsponent to provide shareholder loans as required by the
business to a maximum of K2.74 million (R4.508 million).
The Bank Of Zambia has also approved the appointment of the requisite directors for EFSL
and the directors will now implement the roll out of Ecsponent’s interests in Zambia.
Pretoria
26 February 2015
Sponsor
Questco Proprietary Limited
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