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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'We'll take the short-term pain,' says Transaction Capital's HurwitzDuring the Covid epidemic Transaction Capital was unable to repossess taxis and now has a lot of catching up to do. Before Covid it repossessed 200 taxis a month.
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'We'll take the short-term pain,' says Transaction Capital's HurwitzDuring the Covid epidemic Transaction Capital was unable to repossess taxis and now has a lot of catching up to do. Before Covid it repossessed 200 taxis a month.
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THE FINANCE GHOST: Transaction Capital goes crash! Boom! Bang!Transaction Capital is the latest share to horrify investors, but, technically speaking, there were ways to play its market plunge, writes FinanceGhost.
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MARC HASENFUSS: Sabvest counts the costs of the TransCap falloutInvestor Sabvest Capital has taken a hard knock from its stake in the SA Taxi owner - but that's no reason to ignore the share, writes MarcHasenfuss.
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