Standard Bank drives progress in South Africa’s taxi industry

Standard Bank facilitated a first-of-its-kind transformational equity partnership transaction, enabling a consortium led by the South African National Taxi Council (SANTACO) to acquire a 25% stake in SA Taxi. SA Taxi provides finance, insurance and other allied services to entrepreneurs who operate minibus taxis and may not otherwise have access to credit from traditional banks.

As Financial Advisor, Transaction Sponsor, Lead Mandated Arranger and Co-Funder to SA Taxi, we provided strategic advice and structuring on the R1.7 billion deal

industry