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In 2021, the industry paid only R5m in annual corporate income tax (CIT). This is a small amount compared to the industry’s estimated annual revenue of R90bn. ....
During the Covid epidemic Transaction Capital was unable to repossess taxis and now has a lot of catching up to do. Before Covid it repossessed 200 taxis a month. ....
Transaction Capital has found itself in the wrong place at the wrong time financing minibus taxis amid rocketing fuel prices and a stagnant economy. ....