African Stock Exchanges

ATI - Afristrat Investment Holdings

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ATI share price on Johannesburg Stock ExchangeATI share price on Johannesburg Stock Exchange

Afristrat Investment Holdings Limited, formerly Ecsponent Limited, is a South Africa-based diversified financial services holding company. The company, through its subsidiaries, invests in companies that offer a range of niche financial services in South Africa and Africa, offering investment services, credit solutions, and enterprise development initiatives such as accounting, taxation, payrolls, business consultancy, digital marketing, and corporate governance services.

Afristrat's operating segments include a Credit unit, Investment Services, and Equity Holdings. The Credit segment offers a range of credit solutions that provide the company with continuous cash flow and liquidity; the Investment Services segment includes capital raising from retail and institutional investors, as well as wealth and investment advisory services; and the Equity Holdings segment includes a longer-term horizon, strategic investments.

Afristrat invests in equity opportunities in attractive and high-growth sectors in select African markets. Such equity investment activities are sector-agnostic and focused towards investing in companies with substantial potential to achieve above average equity returns over a medium to long term holding period.

ATI0.01 ▪ 0.00
6 minutes ago
Live Trading Feed
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume0
Number of Deals0
Gross Turnover0.00
Growth & Valuation
Earnings Per Share-0.0038
Price/Earning Ratio-2.63
Dividend Per Share
Dividend Yield
Shares Outstanding59.4B
Market Capitalization594M
Monetary values are quoted in South African Rand (ZAR) unless otherwise stated

ATI Stock Market Performance

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The current share price of Afristrat Investment Holdings (ATI) is ZAR 0.01. ATI closed its last trading day (Wednesday, January 26, 2022) at 0.01 ZAR per share on the Johannesburg Stock Exchange (JSE).

Afristrat Investment Holdings is the 102nd most traded stock on the Johannesburg Stock Exchange over the past three months (Oct 27, 2021 - Jan 26, 2022). ATI has traded a total volume of 38.3 million shares—in 119 deals—valued at ZAR 383,246 over the period, with an average of 608,328 traded shares per session. A volume high of 8.87 million was achieved on January 6th for the same period. The table below details the last 10 trading days of activity of Afristrat Investment on the Johannesburg Stock Exchange.

DateVolumeCloseChangeChange%
2022-01-262,750,0000.01
2022-01-25362,8080.01
2022-01-24500,0000.01
2022-01-211,118,3210.01
2022-01-19114,7100.01
2022-01-1856,6020.01
2022-01-1795,0000.01
2022-01-14278,7400.01
2022-01-121,560,7420.01
2022-01-11190,3680.01

Profile of Afristrat Investment Holdings Limited

Afristrat Investment Holdings Limited was founded on July 9, 1998 and operates in the Financials sector, specifically, the Financial Services industry. Afristrat Investment Holdings contracts an estimated total number of 57 employees.

Factsheet of Afristrat Investment Holdings Limited

Sector
Financials
Industry
Financial Services
Address
Acacia House, Green Hill Village Office Park, Pretoria East, Johannesburg, 0145, South Africa
Telephone
+27-87-808-0100, +27-87-808-0200

ATI Industrial Market Competitors

Afristrat Investment Holdings Limited, issuers of the ATI (ISIN: ZAE000287587) stock on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Financial Services industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.


Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Stock Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (73)

  1. Ronelle BothaRonelle Botha
    Nov 15, 2021 18:41 GMT

    Hi all. Since the watsupp group is not active anymore how do you communicate now. I am lost now...where do we stand?

    1. Jienie-Michelle DreyerJienie-Michelle Dreyer
      Jan 26, 2022 07:36 GMT

      Contact me 082 498 5250, will get you in touch with groups

  2. Zane ScottZane Scott
    Feb 3, 2021 18:42 GMT

    I believe what Afristrat is doing here is practically criminal.
    The fact that a new company name has been established around the handling of these mismanaged funds is testament to it.

    They invested in a clearly dodgy fintech company MyBucks (it only takes a single glance at their share price!) and took big risks with investors' hard-earned life savings.

    The risk profile was never properly explained to investors from the start, nor what they were investing in!

    Now that the damage is done, we are given lip service and window dressing and made to believe that "our capital is safe!?"

    That was then, but now the company is simply refusing to give investors ANY info or response to requests for info - they simply ignore everyone.

    They need to put forward a clear plan of action on how they intend to recover investors' funds. Investors deserve much netter treatment than this!

    1. Jienie-Michelle DreyerJienie-Michelle Dreyer
      May 9, 2021 08:07 GMT

      Zane... even the bank of Zambia called him George Manyere a delinquent not in so many words, the said he has to remove himself as a director and major share holder of any financial institution

  3. Willem DreyerWillem Dreyer
    May 29, 2021 16:46 GMT

    I am also in the same situation whereby I lost alll our money invested by Ecsponent. I also agree to see that someone come forward to assist us in this situation.
    Please help we have no money to servive.
    Regards.
    Willie.

  4. Evert Philippus PitoutEvert Philippus Pitout
    Apr 3, 2021 09:14 GMT

    We are all pensioners that were promised that our money was guaranteed but now we have nothing. We need to commence a class action against them. Contact me on Facebook if you agree.

    1. Christine De LangeChristine De Lange
      May 12, 2021 05:14 GMT

      Good day. I am also a hybrid preference share holder. Have you found other investers that wants to take action against Afristrat? Have any one approached the Ombudsman?

  5. Boithabiso MofoBoithabiso Mofo
    Nov 17, 2021 19:50 GMT

    Hi everyone, I have been trying to contact Afristat for some time and there seem to be a serious problem with communication regarding my mother's shares. Any latest with the current situation over there?

  6. Zane ScottZane Scott
    Jul 28, 2021 18:25 GMT

    Hi all,

    I have been told by Anthony Muller (below) and the previous CEO of Ecsponent that about R11 BILLION of revenue is coming into Afristrat / Ecsponent by year end, which could clearly be utilised to pay ALL pref share investors DOUBLE what they invested with just half that revenue (total R 2.7 billion of shareholder funds).
    George Manyere (current CEO) is said to be planning to stop this payment to investors, meaning there's probably no way of getting our funds back if he succeeds.
    The lawyer currently on the case has confirmed with the JSE that irregularities have occured in the issuing of these ordinary and hybrid shares.
    IT IS CRITICAL THAT THIS ACTION BY HIM IS LEGALLY OPPOSED BEFORE YEAR END!!
    Failing this it seems there is no chance later of success in retrieving funds.

    Can we try to compile a centralised list of ALL investors we know of involved here.
    I may be wrong, but there should be as many as 2000 or so!

    Not sure if my email is visible here, but I am available at: cordin0792@gmail.com.

    We seriosly need to beat this thing together!

    1. Helen De WaalHelen De Waal
      Jul 29, 2021 07:10 GMT

      Good morning Zane
      I read your entry on afx.kwayisi.org/jse/ati.html.


      I have been told by Anthony Muller (below) and the previous CEO of Ecsponent that about R11 BILLION of revenue is coming into Afristrat / Ecsponent by year end, which could clearly be utilised to pay ALL pref share investors DOUBLE what they invested with just half that revenue (total R 2.7 billion of shareholder funds).
      George Manyere (current CEO) is said to be planning to stop this payment to investors, meaning there's probably no way of getting our funds back if he succeeds.
      The lawyer currently on the case has confirmed with the JSE that irregularities have occured in the issuing of these ordinary and hybrid shares.
      IT IS CRITICAL THAT THIS ACTION BY HIM IS LEGALLY OPPOSED BEFORE YEAR END!!
      Failing this it seems there is no chance later of success in retrieving funds.
      Can we try to compile a centralised list of ALL investors we know of involved here.
      I may be wrong, but there should be as many as 2000 or so!
      Not sure if my email is visible here, but I am available at: cordin0792@gmail.com.
      We seriosly need to beat this thing together!

      I have lost a few million, and would like to support the legal opposition. Please keep me informed on how to.
      Kind regards
      Helen

  7. Melissa KrugerMelissa Kruger
    Mar 17, 2021 09:37 GMT

    I spoke with Floris Slabbert yesterday, he is one of the debarred executives. Lots of stories about the expecting R300 million from USA within the next three months. Personally I think this is a pack of lies as this has been the ongoing story for the past year since Ecponent was liquidated. If all the investors can come together and let us take them to court to get our money back. The shares are worth nothing currently and my mother invested her little savings through Ecponent, now losing almost everything. These people need to go to jail for what they are doing.

    1. Frik LombaardFrik Lombaard
      Mar 29, 2021 20:39 GMT

      I was caught when they took my money in October 2019 knowing that they were in trouble.
      I do agree that we should start a class action against them. If we club in we can employ the best legal representatives in South Africa to get our money back.

      Get a copy of the Companies Act of 2008 number 71 and see why this case can be won if we stand together.
      I need affidavits from 20 persons to enable me to lay a criminal charge against the directors of Ecsponent.

      Thanks to Floris and all directors of Ecsponent I have lost my house and lifetime savings and at age 76 I do not know where to turn to for help.

  8. HennieHennie
    Mar 31, 2021 15:52 GMT

    I believe I shall never have enough space and time to express my grievances regarding this unbelievable irresponsibility of so called professionals, educated as they have claimed, to spend our money on extravagant misleading adverts on the Internet and TV. By so doing circumvented the over seeing institutions such as the FSCA and others who were put in place to guard against such illegal interventions.

    These individuals and institutions became the protected so-called investor specialists after the default as a result of legal and financial technicalities and loopholes. We were not only inticed to part with our life savings but they also robbed us from our dignity as well as humiliating us whilst we trusted them in good faith with our hard earned savings. These funds were desperately needed by us to survive during our twighlight years. I am also convinced that this product was never offered to their families and close friends. I firmly believe that their time will come soon.

    Like so many if us this scam completely depleted my entire survival expectations.

    While we are now observing how we were lured in by these heartless individuals and organisation, there are similar financial attractions advertised by means of television etc. offering interest earnings of 9 - 11 plus % just as we were caught at the time we invested. Interest rates that far exceeding the general norms and I can not help wondering if the overseeing institutions are taking appropriate action to investigate these offers in order to protect our retired citizens and others from burning their fingers as well. It appears as if one can no longer trust or depend on any of these offers.

    1. Anthony MullerAnthony Muller
      Apr 30, 2021 08:16 GMT

      Dear Hennie,
      The past CEO of Ecsponent is busy with a court action against the current CEO .We are looking for shareholders to support him in his actions If you would like to join this group please email me on the above address or contact me on cell no 0828083462.
      There will be no Attorneys fees payable by you.The fees will be covered by other shareholders.

      Yours sincerely ,

      Anthony Muller.

  9. Jienie-Michelle DreyerJienie-Michelle Dreyer
    May 24, 2021 10:38 GMT

    All shareholders must vote against the acquisition of George Manyere, MHMK Capital , and enforce the Option Agreement signed by George Manyere to the value of 11 Billion, he owes this money to Afristat, should the Sipion or Norseck company take control of the my bucks shares we loose everything. VOTE AGAINST, GET EVERYONE YOU KNOW TO VOTE AGAINST!!!!!!

    1. Hendrik AckerHendrik Acker
      Aug 1, 2021 18:20 GMT

      Good day,
      Someone should draw up a petition for all the investers to sign. Perhaps you could do that or maybe know someone that could? We need to stop George.
      Thank you.
      Hendrik Acker
      0829575047

  10. Jan ViljoenJan Viljoen
    Apr 25, 2021 16:36 GMT

    As iemand dink hulle gaan geld terug kry by hierdie mense dink weer hulle antwoord geen oproepe of e-mail nie en maak of jy nie bestaan nie hulle koop die maatskapye wat ons eerste betalings sou doen op hybrid shares en die eienaars is almal die selfde in allby maatskapye ek dink dit is uiters bedrog op bedrog 😭😭😭😭

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