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Transaction Capital insists SA Taxi business is ‘robust’

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Unit is facing severe challenges as vehicle repossessions rise

Taxi lender and used-car dealer Transaction Capital insists its taxi-lending business is “robust”, even as it restructures the unit and faces increasing numbers of repossessed vehicles that it cannot resell.

While insisting that taxis are “built into the structure of SA and the country cannot operate without taxis”, SA Taxi faces multiple challenges. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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