Transaction Capital shrugs off CEO’s share sale before disaster
CEO David Hurwitz’s family trust sold R50m of the group’s stock in December 2022, dumping 40% of his holding
15 March 2023 - 20:48
Transaction Capital, which has lost more than half of its value in two days, has found itself on the defensive trying to explain why its CEO sold off a substantial block of his shareholding just months before the company issued a dreary trading statement showing its key division SA Taxi was in a morass.
CEO David Hurwitz’s family trust in December 2022 sold R50m of the group’s stock in three tranches, dumping 1.6-million shares, or 40% of his holding in the company...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.