Praxis Financial Services Proprietary Limited

Stellar Capital Partners Limited is currently invested in 60% of the issued ordinary shares of Praxis Financial Services Proprietary Limited (“Praxis”).

Praxis is a leading provider of short term finance to the panel beating industry which provides a unique offering to address motor body repairers’ (“MBRs”) working capital needs. The business is currently financing approximately 2,000 MBR jobs per month.

The company’s proprietary information technology platform is being expanded to facilitate seamless interaction between MBRs, parts suppliers and insurers within the industry to drive its ultimate strategy to institutionalise the R25bn annual MBR funding market in South Africa.

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