Transaction Capital upbeat as taxi industry proves defensive

Transaction Capital upbeat as taxi industry proves defensive

2021-09-23 11:03:00 AM

Transaction Capital upbeat as taxi industry proves defensive

In spite of civil unrest and taxi violence, the group says it expects earnings for its year to be above pre-pandemic levels

Karl GernetzkySA’s biggest taxi financier, Transaction Capital, has flagged a rise in earnings to above pre-pandemic levels, saying though it has taken a hit from taxi violence and civil unrest, the industry remains indispensable to economic productivity.

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Growth in headline earnings per share for the year ending September should exceed 2019 levels by about 16%, the group said in a pre-close update, adding it expects to pay a dividend, while its online vehicle business WeBuyCars turned in a better-than-expected performance in its second half...

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