The taxi financier and second-hand car dealer hopes its SA Taxi unit will be profitable again in 2024
Taxi financier and second-hand car dealer Transaction Capital reported a plunge in interim profit as it starts to restructure its SA Taxi business, with the hope that the business will be profitable again in its next financial year.
The company, valued at R8.3bn on the JSE, reported that profit for the six months to the end-March plummeted by 382% to a loss of R1.73bn, while operating profit, generated from a company’s core operations, fell by 235% to R1.47bn...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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA Taxi to be restructuredTransaction capital says SA Taxi will be heavily restructured over the current financial year.
Read more »
Transaction Capital plunges again after posting record lossSouth African financial services firm TCBusiness_ plunged the most in almost two months after reporting a record loss. Moneyweb Finance News
Read more »
Taxi boss gunned down in VerulamKwaZulu-Natal police are investigating the murder of a taxi owner who was shot in Verulam. ECRNewsWatch KZN
Read more »
Pupils injured in Durban taxi crashSeveral schoolchildren were injured when two minibus taxis collided, one of them overturning, on Windermere Road in Morningside, Durban, on Tuesday morning.
Read more »
Pupils injured in Durban taxi crashPupils injured in Durban taxi crash: Several schoolchildren were injured when two minibus taxis collided, one of them overturning, on Windermere Road in Morningside, Durban, on Tuesday morning.
Read more »
Traffic cops face 'riotous' passengers, bystanders while arresting 'reckless' taxi driverTraffic officers were surrounded and threatened by “riotous” passengers and bystanders while taking a taxi driver into custody on charges of reckless and negligent driving in Cape Town.
Read more »