Transaction Capital, a leading financial services group led by South African business executive Jonathan Jawno, has revealed plans to sell its non-core assets to fintech and financial services firm Q Link Holdings.
The assets for sale include Nutun Holdings, Nutun Transact, Accsys, and Nutun Credit Health (NCH).
The transaction, valued at up to R510 million ($28.2 million), is expected to enhance liquidity and strengthen Nutun's financial position. It is contingent on standard adjustments, regulatory approvals, and internal clearances, with completion anticipated once these conditions are met.
No approval needed for saleThe sale does not require shareholder approval under JSE Listings Requirements. Transaction Capital has committed to providing updates as the transaction progresses.
