Go Back to Top
Search

Portfolio/SA Taxi Finance II

ZAR 150m partial credit guarantee for ZAR 200m additional financing for SA Taxi

Sa Taxi Finance II
Transport
South Africa

Overview

Date of Transaction

December 2013

Country

South Africa

Financing Partners

ABSA

GuarantCo Guarantee

ZAR 150 million (USD 15 million)

Sector

Transport

Total Transaction Amount

ZAR 200 million

GuarantCo Benefits

To meet additional growth in demand for its specialist leasing product, SA Taxi has an on-going financing requirement. Reduced risk appetite in the international and local market meant that an initial round of funding was placed with the DFI community. Through this additional financing, GuarantCo was able to support Absa’s first transaction with the Company. The financing was arranged by Transcapital.

Development Benefits

The South African taxi (minibus) industry is estimated at over 200,000 taxis and has created more than 400,000 sustainable jobs directly. The industry is a critical part of the country’s transportation network, especially in the disadvantaged suburban areas, and accounts for over 80% of all public transport trips

ALL PROJECTS

View more development by sector

Agricultural Infrastructure Agriculture Energy Gas ICT/Telecoms Inputs to Infrastructure Manufacturing Oil Power Transport Urban Infrastructure Water / Waste services

Receive GuarantCo portfolio, news and investment updates direct to your inbox.