Coronation shows faith in Transaction Capital by upping stake
Second-largest shareholder says WeBuyCars and Nutun have ‘excellent long-term prospects’
23 March 2023 - 20:50
Cape Town fund manager Coronation, which upped its stake in taxi financier Transaction Capital from 14.4% to just more than 16.57% earlier this week, thinks the share price of the latter could recover as at least two of its businesses have excellent long-term prospects.
The asset manager is the second-largest Transaction shareholder after the Public Investment Corporation (PIC)...
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