in its chosen market segments and to enhance its divisions’ ability to leverage these competencies in new, adjacent markets, which serves to progressively enhance their customer value propositions and sustainable competitive advantage.

Transaction Capital’s unique business model rests on excellent human capital and highly differentiated intellectual property and technology capabilities, driven by a strong entrepreneurial culture. Transaction Capital leverages these strengths to position its businesses to take advantage of opportunities arising from South Africa’s macro- and socio-economic context.

This results in highly defensive businesses able to withstand difficult economic conditions, and translates into the creation of broader stakeholder value and societal relevance by fulfilling the specific finance needs of small- and medium-sized enterprises and other entities unable to access conventional credit and, through its risk services division, contributing to the effective functioning of the broader credit system.

Transaction Capital’s strategy and business model continue to be refined in response to its operating context and as it manages its assets to realise the highest value for its stakeholders over time. This is evidenced by the performance and continued progress in enhancing the capabilities and market positioning of the two divisions over the year.