Mark Herskovits

Capital Markets Director

SA Taxi Development Finance, South Africa

Biography

BBusSci (Finance), Post Graduate Diploma in Accounting (University of Cape Town), CA(SA), CFA
Mark served articles at Deloitte & Touche in Johannesburg. After remaining on as a manager until 2001, he joined Rand Merchant Bank as a corporate bond investment analyst in the special projects international division. In 2007, Mark joined Transaction Capital and was involved in various acquisitions for the group. He joined the capital markets division in 2009 and headed up the team in June 2010 where he remained until his appointment in January 2014 as group CFO. In August 2016 Mark transferred to SA Taxi in the role of Capital Markets Director with overall responsibility for the group’s capital management strategy and activities. SA Taxi is active in the international capital markets and Mark has been instrumental in successfully raising funding from a number of DFIs and impact investors including OPIC, FMO, responsAbility, Proparco, Symbiotics and GuarantCo, amongst others. In addition, local funding includes a ZAR 2.5billion warehouse facility from ABSA Bank Limited and the Standard Bank South Africa Limited, a deal which was concluded in 2018. Mark remains an executive director of Transaction Capital.

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