How the wheels came off SA Taxi
Turnaround plan's lower instalments for renewed and second-hand taxis will bring relief for owners, improve on high default rates
29 December 2023 - 09:04
SA Taxi, faced with a contraction in the taxi credit market, is racing to implement its operational turnaround plans and come to a resolution with its existing debt funders.
Its parent company, JSE-listed Transaction Capital, reported that the company had obtained covenant waivers to March 14 2024 to allow for the completion of its debt restructuring...
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