"Transaction Capital aims to deliver shared value outcomes for our stakeholders by consistently generating strong commercial returns for our clients and across our industry value chains, while simultaneously creating net positive socioeconomic returns with enduring benefits. The deliberate positioning of our divisions in relation to demographic and socioeconomic dynamics underpins their defensiveness and resilience, even under challenging conditions."
- David Hurwitz, CEO
Our societal purpose is to enable mobility access for millions of minibus taxi commuters through tailored developmental financing and support services for SMEs.
Our societal purpose is to promote stable, functioning credit markets, facilitate financial rehabilitation and enable efficient payment systems.
SA Taxi empowers SMEs through financial inlcusion.
TCRS drives economic growth by promoting credit market stability.
SA Taxi promotes social inclusion by helping millions of commuters to access services and economic opportunities.
TCRS rehabilitates debtors ethically and responsibly.
SA Taxi works to better the public transport industry for all stakeholders.
TCRS works to better financial intermediation for all stakeholders.
We contribute to employment.
Our employment practices contribute to socioeconomic transformation.
We contribute to youth employment.
We invest in our people's potential.
We value our employees.
We understand our important role in promoting climate resilience
SA Taxi was announced as the winner in the Most Sustainable Company in the Mobility Industry category globally, in recognition of its social purpose of enabling mobility access for millions of commuters through tailored developmental financing and support services to SMEs, its alignment to the SDGs, and the resilience of our operations during the COVID-19 pandemic.
SA Taxi issued its first bond backed by a sustainable bond framework through its
Transsec 5 initial issuance. This issuance achieved many milestones, including being SA Taxi’s largest single issuance to date at R900 million, with the lowest initial issuance weighted average cost of 173 basis points above the three-month Johannesburg Interbank Average Rate (JIBAR). The Transsec notes are listed on the JSE Limited’s sustainability segment.
Transaction Capital adopted a proactive approach to environmental, social and governance (ESG) engagement with stakeholders and conducted the group’s first ESG roadshow with shareholders and proxy representatives in June and July 2021. This engagement resulted in a thorough understanding of current ESG focus areas and shareholders' concerns and expectations in this regard, and allowed the group to implement the appropriate measures and roadmaps where gaps were identified.
The SA Taxi Vaccination Centre, launched in July 2021, stands as an example of successful public-private partnership and reflects our commitment to South Africa’s goal of achieving broader COVID-19 immunity and preventing ongoing transmission, and in doing so, rebuilding our economy.
Transaction Capital recognises the rapidly changing global context and the risks associated with environmental and social factors, particularly climate change. As part of the operationalisation of our environmental policy, adopted in March 2021, the group has completed a base carbon footprint assessment, adopted an absolute GHG emission reduction target aligned to a 'well below 2°C' scenario, and analysed the climate-related risks and opportunities the group faces.
The group acknowledges the numerous sustainability frameworks and standards available globally. In an effort to meet stakeholder demands and move towards more standardised and frequent sustainability reporting, the group launched an ESG World Platform profile on its website, which provides real-time, consolidated and searchable ESG information, and references various sustainability frameworks, including the United Nations SDGs, the TCFD, the Global Reporting Initiative and the Sustainability Accounting Standards Board.
Value for us
|Accessible and affordable capital supporting the right balance of equity and debt funding, to fund organic and acquisitive growth.||A workforce that is aligned to group and divisional strategies and embraces our entrepreneurial, high-performance, ethical and inclusive culture, to effectively deliver market-leading value propositions to clients.||Income generated from providing products and services; opportunity to broaden our addressable markets by leveraging good relationships with clients; utilising our rich data, leading-edge technology and efficient operational infrastructure to improve and develop new products and services.||Good standing with regulatory authorities, contributions to industry developments and promotion of an enabling regulatory environment, reputation as an accessible and invested social partner.||Positive relationships with industry stakeholders and relevant governmental departments, opportunity to deliver products and services underpinned by shared value, uninterrupted supply chains and value for money when procuring from suppliers.|
Value for them
|Shareholders: Quality earnings growth and capital appreciation even in difficult economic conditions.
Funders: Reliable risk-adjusted interest returns.
Measurable ESE impact.
|Fair remuneration and benefits, including access to wellness and support services, career progression within a growing group, a positive and inspiring work environment, safe working conditions, being part of an organisation that delivers net positive socioeconomic returns.||Access to products and services that are innovative, cost-effective and differentiated, delivered through efficient operational infrastructure driven by technology and augmented with rich data insights that help to secure their profitability and the sustainability of their industries; a trusted and respected partner with an ethical and responsible approach to doing business.||A compliant and supportive sector participant, a committed partner in achieving transformational and developmental objectives.||We help to formalise our industries through strong governance practices, drive their development through sophisticated offerings, and are active in initiatives that contribute to their sustainability. We improve mobility access and safety for South Africans, provide affordable and trustworthy access to private vehicle ownership for first-time vehicle owners, and support credit market stability, growth in tax revenue, employment opportunities and supplier base through continued growth of divisions.|