Transaction Capital's taxi stuck in reverse
Stalled SA Taxi business contributes to woeful interim results and share price shock
14 May 2023 - 10:44
Fund managers are dubious that Transaction Capital’s turnaround plan for its taxi business will succeed, though the company is promising better things in financial 2024 as it grows its debt collection business Nunun and refocuses WeBuyCars.
This week the company reported a R1.9bn loss for the six months to March and expects muted growth for the rest of the financial year. ..
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