Legae Peresec (Pty) Ltd. acquired an additional minority stake in African Phoenix Investments Limited (JSE:AXL) from Steyn Capital Management on December 24, 2019. As a result of the transaction, Steyn Capital Management disposed of all of its A ordinary share in African Phoenix Investments Limited, while Legae Peresec increased its stake to 33.45% stake in African Phoenix Investments Limited. Legae Peresec (Pty) Ltd. completed the acquisition of an additional minority stake in African Phoenix Investments Limited (JSE:AXL) from Steyn Capital Management on December 24, 2019.