Investment holding company Ethos Capital, listed on the Johannesburg Stock Exchange, has sold a 1.4% stake in Channel VAS, a provider of airtime credit services and mobile financial solutions across 28 countries in Africa. Ethos Capital sold the stake at a consideration of $5 million (R76.6 million).

The sale consideration has valued Ethos Capital’s stake in Channel VAS at $36.7 million (a 16% premium to the valuation as at 30 June 2020). Over the two-year hold period, this partial r...