CEO David Hurwitz’s family trust sold R50m of the group’s stock in December 2022, dumping 40% of his holding
Transaction Capital, which has lost more than half of its value in two days, has found itself on the defensive trying to explain why its CEO sold off a substantial block of his shareholding just months before the company issued a dreary trading statement showing its key division SA Taxi was in a morass.
CEO David Hurwitz’s family trust in December 2022 sold R50m of the group’s stock in three tranches, dumping 1.6-million shares, or 40% of his holding in the company...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transaction Capital CEO sold 40% of holding in DecemberThe shares sold by David Hurwitz were disposed of on the market over three days for a total consideration just shy of R51m Moneyweb companynews TransactionCapital
Read more »
Transaction Capital CEO sold 40% of holding in December
Read more »
Transaction Capital’s share price plummets 40%The company warns that the headwinds facing its taxi business model have become more structural
Read more »
Transaction Capital delights in WeBuyCars while SA Taxi strugglesGroup is confident the second-hand car dealer will grow annual earnings
Read more »
SA Taxi, WeBuyCars owner Transaction Capital crashes 40% | BusinessShares of SA's biggest taxi financier Transaction Capital, which also owns a majority stake in vehicle trader WeBuyCars, crashed 40% on Tuesday morning, a day after it warned shareholders that it expected interim earnings to fall by more than a fifth.
Read more »
Transaction Capital plunges as it forecasts lossTransactionCapital has found itself in the wrong place at the wrong time — financing minibus taxis amid rocketing fuel prices and a stagnant South African economy. Moneyweb JSE
Read more »