As it repossesses hundreds of taxis every month, Transaction Capital shifts gears | Business

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As it repossesses hundreds of taxis every month, WeBuyCars' sister company SA Taxi has radically changed its strategy to deal with these vehicles as operators in the market for used vehicles in particular, struggle with higher interest rates.

Transaction Capital's SA Taxi unit has been forced to radically change its strategy as operators in the market for used vehicles, in particular, battle high interest rates, as well as a surge in fuel prices, rising costs of parts and maintenance, and the impact of load shedding.

WeBuyCars' sister company - the country's largest taxi lender, which also refurbishes and sells pre-owned taxis - has been repossessing hundreds of taxis every month. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

 

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