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Transaction Capital CEO David Hurwitz forced out

Will be replaced by co-founder Jonathan Jawno, who is already running SA Taxi.

David hurwitzJonathan jawnoTerry kierMichael mendelowitzRoberto rossiChris seabrookePilatucom holdingsMobalyz debt sustainability committeeTransaction capitalDebt sustainabilityPilatucom holdings limitedDovie trust

As WeBuyCars owner crashes 54%, company defends CEO s R50m share sale in Dec

SA's biggest taxi financier Transaction Capital, whose shares have more than halved over the past week, says a hefty share sale by a trust associated with CEO David Hurwitz was required by lenders, while it took place in an allowed period.

David hurwitzTransaction capitalDovie trustUsed cars

Transaction Capital CEO sold 40% of holding in December

Ahead of horror show trading update.

Christopher seabrookeDavid hurwitzTransaction capitalDovie trustOld mutual

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