VEHICLE FINANCE: Transaction Capital, owner of WeBuyCars, tanks on news of taxi business restructuring

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Transaction Capital’s share price plummets 40%The company warns that the headwinds facing its taxi business model have become more structural
Source: BDliveSA - 🏆 12. / 63 Read more »

SA Taxi, WeBuyCars owner Transaction Capital crashes 40% | BusinessShares of SA's biggest taxi financier Transaction Capital, which also owns a majority stake in vehicle trader WeBuyCars, crashed 40% on Tuesday morning, a day after it warned shareholders that it expected interim earnings to fall by more than a fifth. Any reason? Maybe this will show politicians in perpetual denial how the market responds to a failing State. JoshvanVuuren !!!!!! I am eating out of tin cans here!!!
Source: News24 - 🏆 4. / 80 Read more »

Transaction Capital delights in WeBuyCars while SA Taxi strugglesGroup is confident the second-hand car dealer will grow annual earnings Few months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Georgeshaffer_ I was able to earn $50,000 now am financially stable.
Source: BDliveSA - 🏆 12. / 63 Read more »

Taxi industry woes put a spoke in the wheel of Transaction CapitalThe group’s stock plunged 40% as it increased the bad debt provision for SA Taxi by R1.8bn
Source: BDliveSA - 🏆 12. / 63 Read more »