Weaker rand boosts Sabvest Capital
The investment group says its fall in net asset value per share amid the Covid-19 pandemic has been less than it initially expected
09 September 2020 - 09:18
Investment group Sabvest Capital, which has stakes in Transaction Capital and Metrofile, says the decline in its net asset value was less than expected during Covid-19, partially due to the effects of a weaker rand.
Net asset value per share fell to 6,624c per share in the group’s six months to end June, a 0.4% decline from the end of December, as a weaker rand boosted the value of offshore investments...
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.