September 20, 2017 10:29 PM ET

Consumer Finance

Company Overview of Transaction Capital Limited

Company Overview

Transaction Capital Limited provides non-deposit taking financial services in South Africa. It operates through two divisions, SA Taxi and Transaction Capital Risk Services. The SA Taxi division provides finance, insurance, and other related products primarily for small-to-medium enterprise (SMEs) in the fixed route minibus taxi industry. The Transaction Capital Risk Services division offers customer management and capital solutions, including the collection of accounts receivable across credit lifecycle; business support and working capital finance; and personal credit information, as well as tailor-made services. This division works with large consumer credit providers across various indus...

Finance House

230 Jan Smuts Avenue

Corner Bompas Road

Dunkeld West

Johannesburg,  2196

South Africa

3,260 Employees

Phone:

27 11 049 6700

Fax:

27 11 049 6899

Key Executives for Transaction Capital Limited

Chief Executive Officer and Executive Director
Age: 45
Total Annual Compensation: R5.4M
Financial Director, Company Secretary and Director
Age: 36
Total Annual Compensation: R1.4M
Deputy Chief Executive Officer and Executive Director
Age: 51
Total Annual Compensation: R5.9M
Head of Capital Markets and Executive Director
Age: 42
Total Annual Compensation: R3.3M
Chief Investment Officer and Executive Director
Age: 52
Total Annual Compensation: R5.9M
Compensation as of Fiscal Year 2016.

Transaction Capital Limited Key Developments

Transaction Capital Limited Announces Board Changes

Transaction Capital Limited announced that Mr. Raboijane (Moses) Kgosana has stepped down as chairman and member of the audit, risk and compliance committee (ARC) and as a director of the board with immediate effect. Ms. Olufunke (Funke) Ighodaro who is currently an independent non-executive director and a member of ARC will assume the position of chairperson of ARC with immediate effect.

Transaction Capital Limited Appoints Paul Miller as Non-Executive Director

Transaction Capital Limited announced the appointment of Mr. Paul Miller as a non-executive director of the company with effect from 1 July 2017. Mr. Miller is the Chief Executive Officer of Everglen Capital Proprietary Limited (formerly JMR Holdings Proprietary Limited).

Transaction Capital Limited Announces Unaudited Consolidated Earnings Results for the Half Year Ended March 31, 2017

Transaction Capital Limited announced unaudited consolidated earnings results for the half year ended March 31, 2017. For the half year, the company reported net interest income of ZAR 464 million against ZAR 429 million a year ago. Risk-adjusted net interest income was ZAR 339 million against ZAR 317 million a year ago. Profit before tax was ZAR 312 million against ZAR 274 million a year ago. Profit for the period attributable to ordinary equity holders of the parent was ZAR 232 million against ZAR 210 million a year ago. Basic and headline earnings per share were 39.5 cents against 37.0 cents a year ago. Diluted basic and headline earnings per share were 39.3 cents against 36.6 cents a year ago. Core headline earnings per share were 43.3 cents against 37.0 cents a year ago. Core diluted headline earnings per share were 43.0 cents against 36.6 cents a year ago. Headline earnings were ZAR 232 million against ZAR 210 million a year ago. Core headline earnings were ZAR 254 million against ZAR 210 million a year ago. Net cash utilized by operating activities was ZAR 110 million against net cash generated by operating activities of ZAR 280 million a year ago.

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