In SA, as in Poland, the Bolsheviks rule, not the democrats The country is masquerading as a democracy, so don’t think comradeship, cadre deployment and failure odd 17 December 2020 - 20:21
Editor’s note: This story was originally published in Sunday Times Daily earlier in 2020, and is being republished as part of the editors’ choice edition.
Tuesday’s Business Day newspaper had a tableau of front page stories which threaded together a useful guideline of the state we are in and, more precisely, the state of the state itself.
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RBH to invest R500m in Transaction Capital, acquire further 12.4 million shares
Transaction Capital SENS statement:
Royal Bafokeng Holdings (RBH) was introduced as a strategic shareholder in Transaction Capital during November 2020 (as reported in the FY20 results announcement).
`We are pleased to announce RBH’s intention to invest R500 million into the group as a long-term strategic shareholder. 12 million Transaction Capital shares, representing approximately 1.8%, were acquired via a secondary purchase in the market on 20 November 2020. RBH is expected to increase its stake by subscribing for a further 12.4 million shares in January 2021, subject to shareholder approval. A circular to shareholders and notice of general meeting in this regard will be distributed in due course.`