FINANCIAL services company Transaction Capital is researching opportunities to lend to taxi cab operators as part of its organic growth strategy.The company says it has excess capital of R800m for acquisitions, but will build the business organically and will not buy assets for the sake of growing its portfolio."The one thing that we are looking at is sedan taxis.... We will also look at some new geographies. We will start considering it now," said CEO David Hurwitz after the release of the group’s results for the six months to March. However, he said expansion to other countries was a long-term strategy.Transaction Capital’s operations are based in SA. Through SA Taxi, the company offers credit to the taxi industry and this forms part of the asset-backed lending business. The asset-lending business also has a refurbishing unit for repossessed minibuses.The group’s other segment is risk services, including Rand Trust, which provides working capital and commercial debtor management t...
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