SA taxi financier eyes European market
Transaction Capital flags low local economic growth, and seeks debt-collection opportunities in Europe
10 March 2020 - 19:42
Financial services group Transaction Capital, which finances the taxi industry in SA, is targeting growth opportunities in the European debt-collection market as part of its international expansion, says CEO David Hurwitz.
The expansion into international markets will mitigate the company’s overexposure to a single geographic market. The South African market remains weak, with relatively high levels of household debt to disposable income and high unemployment. Transaction Capital’s businesses include Transaction Capital Risk Services, a debt-collection service...
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