WATCH: SA Taxi puts brakes on Transaction Capital’s winning streak
Business Day TV spoke David Hurwitz, Transaction Capital’s CEO, as the group starts restructuring its struggling SA Taxi unit
10 May 2023 - 17:12
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Transaction Capital CEO David Hurwitz says taxi routes that were marginally profitable are now loss making. Picture: SUPPLIED
At the half-year mark, Transaction Capital has reported a loss of R1.73bn as the group starts restructuring its struggling SA Taxi unit. The division’s core earnings attributable to the group plunged by 77% during the period and is expected to weigh on the firm’s full-year outlook as well. Business Day TV spoke to Transaction Capital’s CEO, David Hurwitz, for a closer look at the performance.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
NEWS LEADER
WATCH: SA Taxi puts brakes on Transaction Capital’s winning streak
Business Day TV spoke David Hurwitz, Transaction Capital’s CEO, as the group starts restructuring its struggling SA Taxi unit
At the half-year mark, Transaction Capital has reported a loss of R1.73bn as the group starts restructuring its struggling SA Taxi unit. The division’s core earnings attributable to the group plunged by 77% during the period and is expected to weigh on the firm’s full-year outlook as well. Business Day TV spoke to Transaction Capital’s CEO, David Hurwitz, for a closer look at the performance.
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