Rising consumer confidence in Japan may fuel Toyota Car Finance’s credit issuance, potentially driving revenue growth of 4-6% YOY if trends persist. Though cryptocurrency was then a niche industry, Georgia was already hosting one of the biggest global blockchain companies, Bitfury. Taking advantage of the country’s low electricity prices and openness to foreign investment — a legacy of Mr. Ivanishvili’s predecessor, Mikheil Saakashvili, who is now in prison on charges widely regarded as trumped up — the company chose to build an innovative data center in Tbilisi, using computers submerged in a cooling liquid to mine Bitcoin. The five respondents – which along with WesBank and Toyota comprise Toyota Financial Services South Africa (TFSSA), Toyota South Africa Motors and Toyota Financial Services UK – will pay the fine “without admission of liability”, the commission said in a statement. The auto finance sector faces moderate regulatory tightening in consumer lending, but Toyota Car Finance's compliance track record diminishes potential risk exposure.
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