Finbond Group to acquire majority stake in Benefits Bouquet for R116m

Finbond Group Limited has announced that its wholly-owned subsidiary, Finbond Group South Africa (Pty) Ltd (FGSA), will acquire a 74% equity interest in Benefits Bouquet (Pty) Ltd. The acquisition aims to diversify Finbond’s South African revenue streams and enhance profitability.

The total purchase consideration for the 74% stake is R116,335,279. This will be paid in two tranches: R78,604,918 for the first 50% effective from September 1, 2025, and R37,730,361 for the remaining 24% effective from September 1, 2026. Benefits Bouquet provides various consumer services, including discount coupons, credit and debt assistance, and financial assistance.

According to unaudited management statements for the six months ended August 31, 2025, Benefits Bouquet reported a net asset value of R227,723,870 and an attributable profit after taxation of R24,585,361. The transaction is categorized as a Category 2 transaction under JSE Limited Listings Requirements, meaning it does not require Finbond shareholder approval.