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WATCH: How the taxi industry is handling Covid-19

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Transaction Capital CEO David Hurwitz and SA National Taxi Council spokesperson Thabiso Molelekwa talks to Business Day TV

An estimated 250,000 minibus taxis, such as these near Bree Street in Johannesburg, operate in SA. Many taxi owners struggle to qualify for credit at commercial banks.Picture: Alon Skuy

Despite a robust interim performance, Transaction Capital wrote down its businesses by about R190m as the company prepares for the fallout from the Covid-19 pandemic. Business Day TV spoke to CEO David Hurwitz and SA National Taxi Council spokesperson Thabiso Molelekwa for their assessment of the sector’s ability to bounce back from current challenges.

 

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