Investor Sabvest Capital has taken a hard knock from its stake in the SA Taxi owner - but that's no reason to ignore the share, writes MarcHasenfuss.
We are barely through the first quarter and the first big corporate controversy of the year has erupted. Transaction Capital dropped a real clanger last week, perfectly timed to add extra jitters to a market nervous ahead of a potentially volatile “national shutdown”.
Highly regarded investment company Sabvest Capital — an early investor — had the ignominy of having to report results in the wake of the destruction. Fortunately, it sold 1-million TransCap shares in January for close to R50m. But the knock from developments was tangible. ..
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