Transaction Capital stops financing new taxis
The company expects to will swing to a headline loss of more than R700m
29 November 2023 - 19:43
Transaction Capital, owner of WeBuyCars and SA Taxi, will swing to a headline loss of more than R700m in the year to end-September and has stopped financing new taxis.
The losses are down from a R1.6bn profit in the 2022 financial year. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.