Beating Buffett: CEO David Hurwitz shares the four key ingredients of top stock Transaction Capital's secret sauce
Since David Hurwitz took over as CEO in 2014, Transaction Capital's share price has delivered compound annual growth of 24.2% for shareholders. Even more if you include the healthy dividend stream. This in-depth podcast with BizNews editor Alec Hogg seeks the secret sauce driving one of SA's top performing companies. Conclusion: a Warren Buffett-type structure with power devolved to empowered entrepreneurs in operating units; disciplined capital allocation from a small team of executives at the centre; a massive investment in and understanding of Big Data; and, critically, focus on "stigmatised" sectors of SA's economy - debt collections, minibus taxis and second hand cars. An masterclass in how to structure and run a successful enterprise in the information economy.