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SANTACO acquires 25% stake in SA Taxi to the value of R1.7 Billion

SANTACO acquires 25% stake in SA Taxi to the value of R1.7 Billion

Transaction Capital extends robust organic growth; positioned to continue growing earnings and dividends organically at historical rates

  • South African National Taxi Council (SANTACO) acquires 25% stake in SA Taxi through ground-breaking ownership transaction
  • Headlines earnings: Up 18% to R682 million; 20% compound annual growth in headline earnings per share since listing in 2012
  • Dividends: 25% increase in total dividend per share to 50 cents for 2018 (2017: 40 cents); 33% compound annual growth in dividends over the past four years supported by high cash conversion rates
  • Strong financial position: debt free and well capitalised balance sheet post SANTACO transaction, with approximately R1 billion of excess cash to fund growth
  • Ground-breaking transaction: SANTACO acquires 25% stake in SA Taxi for R1.7 billion; unique and transformational ownership transaction

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