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TRANSACTION CAPITAL LIMITED - Bayport's limited exposure to mineworkers

Release Date: 21/09/2012 15:20
Code(s): TCP BAYA01 BAYA02 BAYA03 BAYA04 BAYA08 BAYA05 BAYA09 BAYA06 BAYA10 BAYA07 BAYA12 BAYA13 BAYA14 BAYA11 BAYC1U BAYD1U BAYD3U BAYD4U BAYD5U BAYD6U BAYD2U BAYB01     PDF:  
Wrap Text
Bayport's limited exposure to mineworkers

TRANSACTION CAPITAL LIMITED                                      BAYPORT SECURITISATION (RF) LTD 
(formerly Transaction Capital Proprietary Limited)               (formerly Bayport Securitisation Proprietary Limited) 
(Incorporated with limited liability in the Republic of          (Incorporated with limited liability in the Republic of 
South Africa)                                                    South Africa) 
Registration number 2002/031730/06                               Registration number 2008/003557/06 
JSE share code: TCP                                               (with registration number 2008/003557/07) 
ISIN: ZAE000167391                                               (“Bayport Securitisation”) 
(“Transaction Capital”)                                           
 
 
 
BAYPORT'S LIMITED EXPOSURE TO MINEWORKERS 
 
Arising  from  questions  posed  at  the  Transaction  Capital  pre-closing  meetings  with  investors  in  Johannesburg  and 
Cape Town, we hereby advise that Bayport – the Group’s unsecured lending division – has over the years limited its 
exposure to mineworkers such that loans to this category of employee constitute 0.87% of the division’s R4.5 billion 
debtors book.  Accordingly disruption arising from current or future mineworker industrial relations activity does not 
constitute a risk to Bayport or Transaction Capital. 
 
Sandton 
21 September 2012 
 
Sponsor 
Deutsche Securities (SA) Proprietary Limited 
 




 

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