“It is therefore a significant sector for job creation and the life-blood of thousands of South Africans,” explained Maroba Maduma, communications executive at SA Taxi, the country’s independent financier of minibus taxis and one of the country’s few certified developmental credit providers.
Given its prominent role in the industry, SA Taxi aims to leverage the company’s vertically-integrated platform and proprietary technology capabilities to broaden inclusivity and create shared-value opportunities to ensure the sustainability of the sector.
“Central to this ethos is the empowerment of small- to medium-sized enterprises (SMEs), especially those run by female entrepreneurs,” said Maduma. “To achieve this we provide SMEs operating within the minibus taxi industry with a complete financial and allied services offering, and deliver significant commercial benefits to taxi operators.”
Through its focused initiatives, SA Taxi has invested R3.5bn in empowering female entrepreneurs in the minibus taxi industry since 2008. During this period, SA Taxi has increased its female client base by an average of 4.5% a year, helping to create 8 473 female-owned SMEs and financing 12 092 vehicles - an average of 1.4 vehicles per owner.