Our Founder

DAVID SMITH

 

David studied towards a degree in Actuarial Science, wherafter he spent the first eight years of his career trading derivative instruments in various financial markets for banks both locally and internationally.

In 1999, after doing some research on what eventually became the National Credit Act, David realised that in South Africa a large percentage of credit active consumers had a credit score which was too low for them to be able to obtain traditional finance. David established a company that assisted consumers, who had been declined for finance, to improve their credit scores in order to ensure that they were able to obtain the finance they required thereafter.

In 2003, David established a second company to provide loans, secured by bonds registered over their properties, to some of these consumers in order to restructure their debt. The two companies were sold to a group of companies in August 2007 and David served as both Chief Executive Officer and as a member of the Group Executive Committee until December 2010.

In 2012, David established 5th Quarter Capital in order to offer a number of financial products and services to both businesses and consumers.

Over the past 28 years, David has gained extensive knowledge of financial markets, consumer finance, business finance, property finance, consumer law, company law, property law, trust law and taxation.