SA Taxi Finance – Finance for Taxi Entrepreneurs

SA Taxi finances is the sole financial services provider for entrepreneurs who operate minibus taxis that may not otherwise have access to credit from traditional banks, contributing to job creation, and enabling and improving the safety of public transport in South Africa. They Specialise inTaxi Finance, Taxi Insurance, Pre-Owned Taxi Sales, New Model Taxi Sales, and Long Distance Taxi Sales

 SA Taxi is an independently owned commercial business.which 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 they  are not a bank, funded by the amounts in customer accounts, they have to source the money they lend to 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 they are a gateway financer, we generate significant black economic empowerment scorecard points for our investors.

SA Taxi Finance Contact Details