Easy enters 2023 with a bang!

It’s been a great start to the year at EasyEquities, and we thought it would be good to share some of what we are excited about:

1. Retail Rand denominated assets on SA’s favourite retail platform, with more than 1,7 million investors, broke above R30 Billion at the end of January; 15% up from the financial year end 31 August 2022.
2. Retail $ - yep, we have loads of investors investing offshore in dollars, pounds, euros and Aussie dollars - denominated assets on platform are back at all-time highs (having recovered 26% from recent lows recorded in December 2022), totalling R4.2 Billion or roughly $240 Million.
3. Number of funded retail accounts across all platforms (EasyEquities, EasyProperties, EasyCrypto and including our phenomenal partner platforms Discovery, Satrix and Capitec) are now above 1 250 000 accounts.
4. January retail client registrations were 32 000, with average daily registrations continuing to average at around 1 000 new users.
5. Our strongest driver of registrations remains referrals which are at over 45%. Thank you to the amazing South Africans who continue to trust us; those who invest R10 and those who invest millions. All are valuable members of our community.
6. Deposits across all currencies YTD vs same period last year are down circa 25%. That’s the economy, but we are working on improving this.
7. Withdrawals vs same period last year are up circa 5%. All of us are needing more cash, but what we have to invest, we do on Easy!

Retail investors continue to prove their resilience and commitment to investing despite tough times. As we have always said: Easy investors are SMART, RESILIENT and, frankly, AMAZING.

Retail investors have been rewarded for staying the course with recent strong moves both locally and abroad. Notable examples are Naspers up around 46% in the last three months, EC10 up around 25% in the last month or Microsoft up around 12% in the last month. Of course, this is no guarantee for future returns so, as always, do your research – but opportunities are to be found! And don’t forget about the amazing properties available on EasyProperties.

Inflationary pressure and return to work is significantly impacting retail investors’ ability to invest, reducing asset onboarding for now. Hence EasyEquities will be launching EasyProtect, our innovative insurance product - another world first – next week.

Money on the platform sticks, even in very trying times. Easy investors, rich and less so, are SMART!

In short, our EasyVstrs are legends. Thank you and congratulations to each and every one of you. Your behaviour continues to rewrite the fables and myths, that littered the retail investment industry, forever!

Our company is growing quickly with your passion and support. And although we don’t always get things right, striving to deliver the best investing experience we can to our community is what gets us out of bed in the morning.

On a personal note – happy anniversary to our CEO Charles Savage who has been at the company for 22 years. What a journey it’s been, and we’re just getting started.