Transaction Capital’s share price crashed by more than 40% on Tuesday after news of an aggressive restructuring of its taxi division and questions are now being asked about Transaction Capital CEO David Hurwitz's sale of shares worth R51-million late ...
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Transaction Capital’s share price plummets 40%The company warns that the headwinds facing its taxi business model have become more structural
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SA Taxi, WeBuyCars owner Transaction Capital crashes 40% | BusinessShares of SA's biggest taxi financier Transaction Capital, which also owns a majority stake in vehicle trader WeBuyCars, crashed 40% on Tuesday morning, a day after it warned shareholders that it expected interim earnings to fall by more than a fifth.
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Transaction Capital CEO sold 40% of holding in DecemberThe shares sold by David Hurwitz were disposed of on the market over three days for a total consideration just shy of R51m Moneyweb companynews TransactionCapital
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Transaction Capital delights in WeBuyCars while SA Taxi strugglesGroup is confident the second-hand car dealer will grow annual earnings
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Transaction Capital plunges as it forecasts lossTransactionCapital has found itself in the wrong place at the wrong time — financing minibus taxis amid rocketing fuel prices and a stagnant South African economy. Moneyweb JSE
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Taxi industry woes put a spoke in the wheel of Transaction CapitalThe group’s stock plunged 40% as it increased the bad debt provision for SA Taxi by R1.8bn
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