​Taxi financier Transaction Capital has reported another year of double-digit dividend growth, saying on Tuesday that as minibus taxi transport remained a non-discretionary spend for most commuters the sector continued to carve out market share in a tough economic climate.

The group’s total dividend rose 22% to 61c a share, in the six months to end-September, saying on Tuesday it had achieved compound annual growth in core headline earnings per share of 20% over the past five years...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now