Taxi industry woes put a spoke in the wheel of Transaction Capital
WeBuyCars owners, Transaction Capital, saw their share price deflate over 40% in early trade as its taxi business faces structural problems. The group’s stock plunged 40.17% to R16.83 by midday. SA Taxi, which used to account for 70% of the group’s earnings, has come under pressure as taxi owners struggle to keep up with.