Ecsponent may default on its obligations
Investment firm may default on its obligations, which could affect preference shares to the value of R2.1bn
13 February 2020 - 05:00
Ecsponent, the investment company that funds its growth ambitions by issuing tranches of high-yielding preference shares to mainly retail investors, has come horribly unstuck.
This week it warned of defaulting on both its dividend and redemption duties...
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