South Africa's Transaction Capital sells unit to Actis for $95 mln

JOHANNESBURG Wed Aug 7, 2013 1:33am EDT

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JOHANNESBURG Aug 7 (Reuters) - South African lender Transaction Capital Ltd is to sell its payment services unit, Paycorp, to private equity firm Actis for 937 million rand ($95 million), it said on Wednesday.

Paycorp owns and operates off-site ATMs and installs credit and debit card payment terminals. ($1 = 9.9138 South African rand) (Reporting by Tiisetso Motsoeneng)