We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

​Taxi financier Transaction Capital has recorded double-digit growth in its earnings, thanks to growing its market share in the taxi industry, which traditional financial services companies largely shy away from. Transaction Capital finances and insures minibus taxis. While traditional short insurers are facing high claims ratios and static market share, Transaction Capital grew its new business written insurance premiums 23% in the year to September, which boosted its headline earnings 18% to R682m. Transaction Capital’s core operations are SA Taxi, which provides finance and insurance to minibus taxi operators, and Transaction Capital Risk Services, which is involved in debt collection and payment processes, among other things. More than half of the group’s revenue is generated through SA Taxi. Transaction Capital said that the minibus taxi association Santaco has acquired a 25% stake in its subsidiary, SA Taxi. “It is a major strategic shift. For many years, [the taxi industry] f...

BL Premium

This article is reserved for our subscribers.

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 Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.