Johannesburg – Transaction Capital Bayport said on Friday that its unsecured lending division‚ Bayport‚ had limited exposure to mineworkers.
In response to questions raised at pre-close meetings with investors in Johannesburg and Cape Town‚ the group said that Bayport had over the years limited its exposure to mineworkers “such that loans to this category of employee constitute 0.87% of the division’s R4.5bn debtors’ book”.
“Accordingly disruption arising from current or future mineworker industrial relations activity does not constitute a risk to Bayport or Transaction Capital‚” it added.