As it repossesses hundreds of taxis every month, Transaction Capital shifts gears

Transaction Capital's SA Taxi unit has been forced to radically change its strategy as operators in the market for used vehicles, in particular, battle high interest rates, as well as a surge in fuel prices, rising costs of parts and maintenance, and the impact of load shedding. 

WeBuyCars' sister company - the country's largest taxi lender, which also refurbishes and sells pre-owned taxis - has been repossessing hundreds of taxis every month.