Transaction hits life high on profit hike

Comment on this story
CorporateBusiness

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



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines