{"id":172,"date":"2019-09-13T11:09:48","date_gmt":"2019-09-13T09:09:48","guid":{"rendered":"https:\/\/www.globalasp.com\/ebsa\/?page_id=172"},"modified":"2019-09-19T15:49:48","modified_gmt":"2019-09-19T13:49:48","slug":"about-us","status":"publish","type":"page","link":"https:\/\/www.globalasp.com\/ebsa\/about-us\/","title":{"rendered":"About Us"},"content":{"rendered":"\t\t
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INTRODUCTION<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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About <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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EBS Africa<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\tEBS Africa is a registered Section13(B) retirement fund administrator established exclusively to perform independent, transparent, efficient, flexible and robust administration services to the South African and African market. EBS Africa\u2019s administration services extend to freestanding and umbrella funds and include its own registered Cornerstone Umbrella Funds. EBS Africa was established as the logical extension into administration spawned by the huge success of its fellow subsidiary and technology provider Global ASP Limited. Global ASP has enjoyed great success in the provision of world class and robust administration platforms and consulting services to the retirement fund industry in South Africa for in excess of fifteen years (refer \u00a0www.globalasp.com<\/a> for further details)
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EBS International<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\tBoth EBS Africa and Global ASP are subsidiaries of EBS International.\n\nEBS International, through its various subsidiaries, provides Hosted Administration Platforms, 13(B)Administration Services, Technology Services, Consulting Services, Disaster Recover\/Business Continuity Services and Business Analytics to the South African and International market. EBS International is 25% controlled by African Rainbow Capital (ARC), a black owned and controlled investment company focusing on businesses that deliver exceptional returns on equity in the South African and African financial services industry. ARC\u2019s vision is to make a difference in the lives of ordinary South Africans by being the premier black-owned and controlled financial services entity in South Africa. EBS International\u2019s culture of uncompromising integrity and service excellence, sets the Group apart.\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Independence and Transparency<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\tEBS Africa provides a low cost and truly independent retirement fund administration service to the market. The Retirement Fund Industry in South Africa is notorious for inefficient, costly and opaque administration. The complexity of group structures and\/or the relationships that providers have within their corporate group structures often result in an overlay of costs that make it very difficult to understand exactly what expenses are being charged against the fund and its assets. To further complicate matters many providers are not transparent in their reporting of costs meaning that these costs are not even visible to the employer and members.\n\nIn its provisioning of administration services to retirement funds EBS Africa operates completely independently of Asset Managers and Insurers. This independence mitigates the above risks in a number of ways:\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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