Transaction Capital - Stands Out From the Rest

The last 5 years have been very tough for JSE listed companies. But one company has managed to grow headline earnings per share by 20% per annum over that period. Transaction Capital, the majority owner of SA Taxi reported another year of good numbers yesterday.

Earnings grew by 18% thanks to SA taxi which grew by 38%. This allowed the company to increase its dividend by 22%. Other businesses include debt collection, debt relief and payment processing in South Africa and Australia which grew by 15%.

We already own this stock for a few clients who were brave enough to invest in the SA market in the last year. We still think it has legs. If the economy picks up, even more people will have jobs and will need transport.