For Transaction Capital, the past few months have been as hair-raising as a trip down Jan Smuts Avenue during load-shedding. For its investors, you could add to the picture a wheel spanner plugged into the spot where the steering wheel should be.

As the largest funder to the taxi industry — the most widely used form of public transport, carrying  15-million people a day — the fate of the company is of particular importance to South Africa. ..

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