Summit Private Equity Fund Partnership agreed to acquire 21.1% stake in Efficient Group Limited from Sasfin Financial Services (Pty) Limited for approximately ZAR 150 million on May 26, 2020. Summit Private Equity Fund Partnership entered into an agreement to acquire 21.1% stake in Efficient Group Limited from Sasfin Financial Services (Pty) Limited on October 5, 2020. Summit Private Equity Fund Partnership will acquire shares at a price of ZAR 5.6 per share. The consideration will be paid in cash by no later than November 2, 2020 or a later date following an extension in accordance with the terms of the agreement. The transaction is subject to regulatory approval and approval from shareholders of Sasfin Holdings Limited. The transaction is expected to be completed on November 23, 2020.