Kaya 959 Kaya Biz

WeBuyCars owner Transaction Capital reports a R1.86bn loss in its latest results.

Loading player...
GUEST - David Hurwitz, CEO of Transaction Capital

Shares of SA's biggest taxi financier and Transaction Capital plunged another 17% on Wednesday, after it delivered a profit fall that was worse than guided. It reported a loss of almost R1.9 billion for its half-year, from a profit of R615 million previously. The company didn't declare a dividend. Core continuing earnings per share, the group's preferred profit measure which excludes certain non-operational items, fell 48% in the half-year to end March, worse than the up-to 46% it warned of in March.
10 May 2023 5PM English South Africa Business News · Investing

Other recent episodes

Tracking South Africa’s Reform Agenda

Econometrix Chief Economist Dr. Azar Jammine breaks down the latest Operation Vulindlela progress report. We explore where reforms are gaining traction—from energy restructuring to freight logistics—and where bottlenecks remain.
28 Apr 3PM 20 min

Is SA’s Construction Sector Turning?

Economist Dr. Roelof Botha analyzes the latest Afrimat Construction Index alongside Operation Vulindlela’s reform dashboard. With construction activity rising for a second quarter, we ask whether reforms in energy, logistics, and water are finally translating into real‑world infrastructure momentum.
28 Apr 3PM 13 min

Making B‑BBEE Work for Growth

NEF General Counsel Karishma Govender joins us to unpack new research on managers’ perceptions of B‑BBEE. We explore why transformation remains essential.
28 Apr 3PM 8 min

Inside the SpendTrend26 Report

Discovery Bank CEO Hylton Kallner joins Kaya Biz to unpack the SpendTrend26 report, revealing how South Africans are becoming more disciplined, more digital, and more value‑driven.
28 Apr 3PM 17 min

Long‑Term Investing in Uncertain Markets

With global conflict, inflation swings, and rapid AI disruption, investors are feeling the pressure. Horacia Naidoo‑McCarthy from Allan Gray explains how to avoid emotional decision‑making, anchor to fundamentals, and maintain long‑term discipline when markets feel unfamiliar and unpredictable.
28 Apr 3PM 12 min
All episodes