Royal Bafokeng eyes R500m stake in taxi financier Transaction Capital
The platinum miner could take an initial stake of about 3.7% in the taxi financier, which says this will boost its finances
25 November 2020 - 08:48
Royal Bafokeng Holdings (RBH), the investment vehicle of the Royal Bafokeng Nation, has agreed to take an initial R500m strategic stake Transaction Capital, with the taxi financier saying it wants to further boost its financial position as it deals with the opportunities and uncertainty resulting from the Covid-19 pandemic.
Transaction said on Tuesday that Royal Bafokeng had purchased 12-million shares — representing 1.8% of its shares — on November 19 in an off-market transaction...
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