Currency volatility behind Ecsponent’s loss in financial year
Just over 48% of Ecsponent’s total assets are held in hard-currency-listed investments, which exposes it to currency volatility
14 November 2019 - 14:18
Niche financial services group Ecsponent slipped into a loss in its year to end-June, having experienced currency volatility as it considers new acquisitions.
Just under half of the group's total assets of R3.17bn are held in hard-currency-listed investments, providing a hedge against a weaker rand, but also exposing the group to short-term volatility...
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