Transaction Capital: Rough ride ahead for minibus financing business as floods damage Toyota plant
22 May 2022 - 07:18
Vehicle and taxi financier Transaction Capital said the closure of the Toyota plant near Durban after the recent deadly floods will affect its minibus financing business, with pressure expected on earnings in the remainder of the financial year.
Business Day reported last week that Toyota, which has started reopening some production lines at its Prospecton plant that were closed after damage caused by floods in KwaZulu-Natal, said it would take some time for the main lines, including that of the minibus brand HiAce, to reopen...
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.