APO: South Africa’s mass transit sector secures US$ 10 million and ZAR 1.4 billion African Development Bank loans
The African Development Bank (www.AfDB.org) has approved over US$100 million in loans to SA Taxi Development Finance Limited, a wholly owned subsidiary of SA Taxi Finance Holdings Proprietary Limited, a vertically integrated business platform that provides a comprehensive financial and allied services offering to minibus taxi operators.
The minibus taxi system accounts for about 69 percent of all public transport trips in South Africa. The financing will support the Company’s ...
Read the rest of the story on Pulse.ng
Added October 22, 2018