Lebashe Financial Services Growth Strategy: Warren Wheatley

LeBashe Investment Group Increases Its Stake In SA’s RainFin To 75%
May 28, 2018
Online lender Rainfin sells majority stake in business to bankroll new R1bn fund
June 7, 2018

SABC News

Lebashe Financial Services has acquired an additional 24 percent in RainFin, increasing their shareholding from 51 percent to 75 percent in the leading South African Credit sector. The acquisition is part of a wide-ranging corporate restructuring exercise to position Lebashe at the forefront of the unfolding disruption in the financial services sector, with the ultimate aim of establishing a black-owned bank. In March, Lebashe announced a long-term strategic partnership with EOH – which includes a R250 million cash investment by Lebashe in EOH and a growth funding facility to the tune of R3 billion to enable the firm’s growth strategy.

To discuss this we are joined by Warren Wheatley, Executive Director of Lebashe Financial Services.