Transaction hits life high on profit hikeComment on this story
Johannesburg - Shares of Transaction Capital hit a lifetime high, extending gains after the finance firm on Tuesday posted a 28 percent increase in first-half continuing headline earnings, driven by double-digit growth in loans.
The principle lender to South Africa's minibus taxi industry jumps 5.4 percent to 5.90 rand, adding to a gain of almost 6 percent on Tuesday.
South African markets were closed for a national holiday on Wednesday.
Transaction said it was looking to expand its business in non-deposit taking financial services by acquiring assets in the credit, collections and capital management. - Reuters