Kaya 959 Kaya Biz

Huge changes for Transaction Capital as CEO, David Hurwitz steps down.

Loading player...
Guest - David Hurwitz - Transaction Capital CEO

Transaction Capital, which has stakes in WeBuyCars and SA Taxi, said on Monday CEO David Hurwitz would be stepping down at the end of 2023.

The group has been hit this year by a downturn in the taxi market and the effects of a miscalculation of used car prices, and its shares have lost almost 80% of their value so far in 2023.
12 Sep 2023 4PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes