Magnus Heystek, Alec Hogg unpick "too good to be true" Ecsponent pref shares

Ecsponent is a company that is listed on the Johannesburg stock exchange, which helped to give it the veneer of credibility. Ecsponent's board also included an impressive line-up of business movers-and-shakers, not least of all Richard Connellan whose experience includes serving as the Executive Director of the Takeover Regulations Panel (TRP) and on the King III Committee on Corporate Governance. But Connellan has resigned, just as the muck hits the fan at Ecsponent, which promised good returns on the back of investments in small businesses. Top financial journalist and broadcaster Alec Hogg, founder of BizNews, and leading personal finance commentator and investment professional Magnus Heystek unpick the details of the latest developments at Ecsponent. - Jackie Cameron