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Ecsponent Botswana not associated with BluThorn – Garekwe

patriot by patriot
November 21, 2020
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Ecsponent Botswana not associated with BluThorn – Garekwe
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On 16 January 2020, the Non-Bank Financial Institutions Authority (NBFIRA) issued a public notice confirming the temporary closure of Bluthorn Fund Managers (PTY) LTD (BluThorn).

The Ecsponent group of companies, and in particular Ecsponent Limited (listed on the Johannesburg Stock Exchange) and Ecsponent Botswana Limited wish to reiterate and confirm that it has no association or relationship with the directors, shareholders, staff or operations of BluThorn or as far as the company still refers to itself as “Ecsponent.”

Ecsponent Botswana Limited continues to uphold strict corporate governance principles and processes. The ruling by NBFIRA does not impact or limit the operations of Ecsponent Botswana Limited in any manner or form. 

In 2016, the Ecsponent group disposed of a number of operations to BluThorn with an explicit provision that any and all of the entities’ names that referenced Ecsponent be changed. Numerous demands were sent to the then known management of BluThorn, demanding the change of name. 

After various demands, the acquired companies underwent the following name changes:

• Ecsponent Projects changed to BluThorn Investments changed to Ecsponent Projects changed to Purple Orchid Investments • Ecsponent Project Holdings changed to BluThorn Holdings • Ecsponent Asset Management changed to BluThorn Fund Managers 

We wish to reiterate that the above companies, its directors, shareholders and staff have no association or relationship whatsoever with Ecsponent Botswana Limited or any of the Ecsponent group of companies.

“We wish to distance ourselves from the closure of BluThorn in the strongest possible terms. We assure our clients, investors and staff that the business of Ecsponent Botswana Limited is not impacted by the NBFIRA ruling at all and we continue to uphold the strictest corporate governance principles and processes,” said Dudu Garekwe, Director of Ecsponent Botswana Limited.

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  • We must ‘walk the talk’ July 4, 2022
    We can only save ourselves and our planet by confronting climate change BY COLLEN VIXEN KELAPILE Climate change has become the enemy of human progress and a threat to humanity’s survival. We see its devastating consequences daily. No country is […]
  • Makwinja caught in Minergy saga   June 30, 2022
    Her husband –Leonard, is a Board Member at Minergy Coal ‘She is conflicted, hence she is failing to resolve our disputes with the company’ – Farmers ‘It’s an attempt to score cheap political points’ –Makwinja Minergy Coal proposes a […]
  • CA Sales lists on the JSEJune 29, 2022
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  • BBS launches insurance agencyJune 28, 2022
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  • MANTSWE JOINS TURNSTAR BOARDJune 28, 2022
    Turnstar Holdings Ltd, is pleased to announce the appointment of Mr Solomon Seoketsi Mantswe, to the Board of Directors, with effect from 1st July 2022. He brings over 30 years’ experience in the public service. He was appointed Deputy […]
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