At first glance, the Rand Merchant Investment Holdings announcement last week barely warranted a mention, but anyone who bothered to read the Sens announcement all the way to the end would have noted a subtle change in approach to its significant minority stake in Hastings.
The investment holding company, which recently sheared off its large stake in FirstRand, plans to marginally increase its stake in the British general short-term insurer to 30% alongside its subsidiary Outsurance.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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