Eqstra had repurchased 7.98 million of its ordinary shares in the open market for R49.8 million, the capital equipment group said on Friday. The shares had been bought in line with the authority granted by shareholders at its general meeting in November last year and had since been cancelled. Eqstra chief executive Walter Hill said the repurchase programme was continuing because the company saw value in its current share price. The shares closed 0.97 percent up at R6.25 on Friday.
– Roy Cokayne