CashWiz Holdings Limited targeting $960m expansion of local operations

Published

10 years ago

January 4, 2016

American based micro loan and pawn company, CashWiz Holdings Limited, says it is targeting an investment of just over $960 million (to expand its local operations to at least 12 stores, by the end of this year.

The entity which carries out its local operations under the name CashWiz Jamaica, currently has four outlets in Manchester, Kingston, Clarendon and headquarters in Montego Bay.

According to CashWiz Jamaica’s Assistant Manager, Rene Dryden, a fifth outlet is slated to be opened in New Kingston shortly.

Dryden says CashWiz sees “the future of Jamaica having at least 12 stores, if not more. Main towns such as Spanish Town, Ocho Rios, and Savanna-la-Mar are also targets under the expansion plans, and another store is planned for Montego Bay”.

CashWiz Holdings Limited also operates in 18 other Caribbean islands. These include: Antigua and Barbuda; Bahamas; Barbados; Dominica; Grand Cayman; Grenada; and St. Kitts and Nevis. BM

John Mahfood “I Listed on the JSE to Raise Capital for My Business”

Published

9 years ago

November 24, 2016

Managing Editor

JSE Online Trading Platform

Published

9 years ago

November 24, 2016

Managing Editor

Grace Stockholders To Vote On 3-for-1 Stock Split Today

Published

9 years ago

July 11, 2016

BusinesSuiteOnline

Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

UK Loses S&P Triple A Rating

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

Published

9 years ago

June 27, 2016

BusinesSuiteOnline

Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.