Easy Equities’ Charles Savage on R150m capital raise; Cy Jacobs; the Philippines; and more.

Purple Capital, the JSE listed 70% owner of Easy Equities, reported a R50m bottom line reverse in the half year to end February - and also dropped the surprise of a R150m capital raising exercise. However, the news was absorbed well enough by an already cautious investment market - the shares are down by half in the past year - offset perhaps by the excitement of the group’s venture into the Philippines. CEO Charles Savage shares the latest on SA’s exponentially growing company (830k active clients, +24%) with Alec Hogg of BizNews.
Video production by Patrick Kidd
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[@gino.x]

EasyEquities should build a one stop shop for easy investing, easy banking and easy crypto. They already have the investing and crypto(albeit limited), but they should consider an EasyBank. Maybe euther a digital bank with easy fiat onramp and offramp to crypto, or maybe even bypass the traditional digital bank and create a crypto bank with an easy onramp and offramp to crypto.

[@haakestad]

Cash earns you 6½%. He failed to say there is a "Management Fee" for this. Therefore, you can deduct 1.27%-1.75% (That is A LOT). What is also confusing is you pay "VAT" on cash in a TFSA.

[@scubadivinggearreviewsza927]

Why earn 6.5% on cash when U can get much better % at banks with 0 fees ? Is this not fixed ?

[@mcWordz]

6.5% is higher than most, if not all banks on free cash. Which bank offers more than 6.5%...again on free cash?

[@not_senti1010]

Would u recommend an investment into the purple group limited