SA Taxi is an independently owned commercial business. It is part of the Transaction Capital group of companies which listed on the JSE in June 2012.
SA Taxi was founded in 2002 and now has more than 700 employees. It is based in Midrand in Gauteng, but has a national customer base.
We focus exclusively on building entrepreneurs through the medium of the taxi industry. Of the estimated 200 000 taxis on the roads in South Africa, SA Taxi finances some 24 900.
Because we are not a bank, funded by the amounts in customer accounts, we have to source the money we lend to our clients from, for instance, foreign and local direct investment. However, in the world of international finance, the informal nature of the taxi industry makes it a high risk investment. In order to mitigate their risk the interest rates charged are at a premium and not comparable to other formal banking institutions
Because we are a gateway financer, we generate significant black economic empowerment scorecard points for our investors.