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South Africa
1998 (28 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know ecsponent limited
Company Information
Get to know ecsponent limited
Ecsponent Limited was a JSE-listed financial services group that specialized in raising capital from the public, primarily through the issuance of high-yield preference shares. This capital was then used to fund a portfolio of credit and private equity investments. In 2020, after facing severe financial distress and being unable to meet its obligations to preference shareholders, the company entered business rescue. It was subsequently rebranded to Afristrat Investment Holdings Limited in an attempt to restructure. However, the rescue efforts failed, leading to the suspension of its shares on the JSE and ultimately a final liquidation order in August 2023.
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