Legae Securities is pleased to share the news of Peregrine Securities equity investment into our business. The deal became effective on 1 April 2011 and allows for a strategic relationship between the longest standing Black stockbroker and the larger sized niche stockbroker and derivatives house in South Africa. The investment will not negatively impact Legae’s favourable BEE rating.

The investment enables both companies an opportunity to leverage off each company’s strengths. The result is positive for Legae as it allows Legae to enhance its technology infrastructure, gain access to capital and improve operational efficiencies.

Legae management and staff welcomed the transaction and are confident that the investment by Peregrine Securities will translate into additional value add to our clients.