Established shortly before the 2008 global economic crisis, Eqstra is a business built alongside pillars of adversity. In fact, the business has not only survived challenging circumstances but has emerged stronger.
The past five years, in particular, the company has strategically positioned itself to overcome obstacles brought about by depressed markets. In so doing, it has achieved substantial earnings improvement, Its revenue is currently at R9,1bn, with annuity revenue generating assets sitting at R9,6bn and operating profits of R1bn.
The secret to Eqstra’s success in bucking the downward trend lies in its sound business model. CEO Walter Hill says the business’s focus since inception has been on maintaining a strong annuity income and reducing its risk from overexposure to construction and mining equipment sales, as well as short-term liquidity. Read the full article